Ammonium sulphate: International market trend of ammonium sulphate in the second week of January 2019
Source: Zhongyu Information Date: 2019-1-11 15:15:25
1.3-1.10 International Market Trends (from foreign sources)
Northwestern Europe: After the holidays, the ammonium sulfate market in North-West Europe is still in the off-season, and pricing in the first quarter is expected to continue until next week. Some buyers have already negotiated a median price of €120/ton fob in Western Europe, while maintaining this price in the next few weeks. Standard and product prices shipped to Brazil are low at $120/ton fob in North-West Europe. In Europe, the price of goods at the end of February is about 180 euros per ton fob for 2 millimeters of granular ammonium sulfate and 30 euros per ton for 3 euros per ton. According to reports, factories across Europe are functioning normally.
Brazil: With the end of the sales season, granular ammonium sulphate will be shipped to Brazil. Depending on the quality, the price of raw materials produced in China has dropped to between US$185/ton and US$195/ton. China’s standard grade ammonium sulfate shipment price was around US$145/ton in January and European price was US$148-150/ton. As of January 22, a total of 12 ships carrying 322,000 tons of ammonium sulfate will enter the Brazilian port. This is an increase of 33,000 tons from the beginning of January. Except for the two shipments in the United States, all ammonium sulfate is produced in China.
China: Market transactions were light this week. The seller tested $116-118/ton fob, and the buyer/trader offered $112-114/ton fob. According to local market sources, the operating rate of the caprolactam plant is still around 80%, and most of it has been repaired.
Philippines: La Filippina reportedly purchased 6,000 tons of caprolactam-grade ammonium sulphate at a price of more than $130/ton cfr on January 3, and will arrive in February.
Sri Lanka: The Ministry of Agriculture of Sri Lanka will complete a tender on January 22 to purchase 2,000 tons of ammonium sulphate, urea, TSP and MOP, which will be delivered to Colombo in April.
Turkey: Turkey’s demand is still calm, and demand is not large in the coming weeks. For economic and political reasons, importers do not want to stock up too much goods before the holiday. The last purchase was made at a price of approximately $150/ton excluding tariffs. Turkish buyers bid for the next batch of goods at a price of $140-145/ton cfr without tariff.