Ammonium sulphate: International market trend of ammonium sulphate in the third week of December 2018
Source: Zhongyu Information Date: 2018-12-21 16:16:16
12.13-12.20 International Market Trends (from foreign sources)
Baltic/Black Sea: Near Christmas and New Year holidays, market demand has decreased, but purchases are still continuing this week, with standard-grade pellets intent at $120/ton fob. The Brazilian standard rating is $120/ton fob Nordic. The standard grade ammonium sulfate price is around $130/ton and the range is $5/ton. Granular grade ammonium sulfate is in the 175-185 US dollars / ton fob Nordic. The 2 mm particle size is around $190/ton and the 3 mm particle is around $220/ton.
Brazil: With the end of the buying season, urea prices have started to fall, while low prices are still under downward pressure. China’s standard grade ammonium sulfate is US$140-145/ton cfr, and European standard grade ammonium sulfate is US$150/ton cfr, which was shipped in January. China’s granular ammonium sulphate grade is at $190/ton cfr and slightly worse at $180-190/ton cfr. European bulk pellets are priced at $205/ton cfr and shipped in January. The ammonium sulfate import season seems to have been extended, and the demand for safrinha may last until February, especially for southern buyers. In the next two weeks, two Nordic loading vessels will arrive in Brazil with approximately 10,000 tons of cargo. By mid-January, 13 vessels entering the Brazilian port had a total of 425,000 tons of ammonium sulphate. This is a decrease of 113,000 tons from last week. Except for two ships from Belgium and one ship from the United States, all ammonium sulfate is from China.
China: China’s ammonium sulphate market is flat, with few new orders. The producer’s goods in December have been sold out, and there is currently no pressure to sell a batch of goods in January. The continuous improvement of domestic demand and the low start of the market have kept the market relatively balanced. The price of the internal grade ammonium sulfate is 116-118 US dollars / ton fob. If demand does not pick up quickly next year, prices are expected to fall back. China’s Haili exports 12,000 tons of caprolactam-grade ammonium sulfate to 117 US dollars / ton fob. The price of granular ammonium sulfate is US$105/ton fob, and the coking grade ammonium sulfate is 560 yuan/ton ex-factory price, equivalent to US$81/ton. The price of extruded pellets is stable at $150-155/ton fob.
Southeast Asia: Basically in the off-season, there are very few new orders, and only containers arrive at destinations such as Indonesia. In the Philippines, futures prices have fallen back slightly to $130/ton, but no new orders have been purchased. According to reports, Atlas is asking about the price of 6,000 tons of caprolactam-grade ammonium sulfate.
Indonesia: From January to September 2018, Indonesia’s imports of ammonium sulphate increased by more than one-third. Indonesia is the second largest buyer of ammonium sulphate imports. According to GTT data, the total import volume this year was 1 million tons, up from 762,925 tons in the same period of last year. China’s supply in the first nine months of 2018 was 933,516 tons, up from 711,230 tons in January-September 2017.
Malaysia: Malaysia’s imports of ammonium sulphate increased by 4% year-on-year in January-October 2018. According to GTT data, the total import volume was 664,340 tons, up from 640,337 tons in the same period last year. In the first ten months of this year, China supplied 349,839 tons, down 11% from 394,253 tons in the same period of 2017. Imports from Taiwan increased from 125,708 tons last year to 155,642 tons, while imports from Japan increased by 50% to 92,200 tons. In the first 10 months of this year, China’s imports from Australia jumped from just over 1,000 tons a year ago to 30,098 tons.
Vietnam: Vietnam imported 120,410 tons in November 2018, an increase of 21% from 199609 tons in the same period in 2017. Total imports from January to November fell by 8% from 1 billion tons in the first 11 months of 2017 to 923,149 tons.
Lithuania: Lithuanian imports increased by 6% from January to October 2018. According to GTT data, the total import volume was 241,210 tons, up from 227,285 tons in the same period of last year. Lithuania imported 74,561 tons from China, with 35.83 million tons last year. Imports from Russia fell by 10,000 tons to 47,894 tons, while imports from Belarus fell by 29% to 42,986 tons. Imports from Poland fell from 29,319 tons to 26,688 tons, and imports from Belgium increased from 12,150 tons to 24,810 tons.