International market trend of ammonium sulphate in the 5th week of January 2019

Ammonium sulphate: International market trend of ammonium sulphate in the 5th week of January 2019

Source: Zhongyu Information Date: 2019-2-1 15:27:49
1.24-1.31 International Market Trends (from foreign sources)

Turkey: It is reported that Bestwin voted for Toros with Chinese ammonium sulphate last week. Prices and quantities are as follows: 8,000 tons of extruded pellets are priced at $185 / t CFR; 16,000 tons of caprolactam grade is $149.28 / t CFR; and 12,000 tons of standard grades are priced at $146.83 per ton CFR. All prices are unpaid duty. Shipping costs are estimated at around $30/ton.

Greece: Amoropa will ship 3,000 tons of caprolactam-grade ammonium sulfate to Greece this week.

Ukraine: Local producer Grossdorf supplies granular ammonium sulphate at an ex-factory price of 8,000 HRN per ton, equivalent to $289/ton. Traders said that the particulate-grade ammonium sulfate imported from Belarus and Lithuania is priced at 8,000 rand/t fca border station and 7900 rand/t fca border station respectively. Two weeks ago, it was reported that the Polish standard grade ammonium sulfate supplier raised the price of the fca railway station to 6850 / t HRN.

Black Sea/Baltic Sea: The foreign trade of the Black Sea/Baltic Sea is still very small. Due to strong domestic demand, SBU Azot could not be exported in February. Kuibyshevazot also did not export in February because the ex-Novorossiysk’s 3,000 tons of ammonium sulfate offshore price was as high as $140/ton two weeks ago. Traders destined for Turkey (Samson) and Greece are currently quoted at the FOB range of $145-150/tonne Black Sea.

China: Standard grade ammonium sulfate continues to fall before the Spring Festival. Sellers eager to ship are quoted at a low of $110/ton fob. The buyer requires less than $110/ton fob. Due to the Spring Festival, the transaction will stop in the coming week. It is expected that in the second week of February, new transactions will appear. Due to sluggish holiday demand, coking grade ammonium sulfate prices are expected to fall by RMB 20-30/ton this week to RMB 520-530/tonne ($81-85/tonne).

Indonesia: Agrifert Liven has become one of Petrokimia’s 2019 ammonium sulphate trading partners. Agrifert will provide 80,000 tons of the total demand of about 300,000 tons. According to reports, Aries and Golden Barley are also two other contract suppliers.

Malaysia: A Malaysian buyer sent an inquiry this week requesting the shipment of 25,000 tons of MMA grade ammonium sulphate and ammonium chloride in March. The final MMA rating is below $120/ton cfr. This shipment will be completed after the Chinese holiday.

Central America: Incofe ended its bid for 4,000 tons of standard grade ammonium sulphate and 5,500 ton of granular ammonium sulphate and other fertilizer products on January 31. These products will be shipped from China to Buenaventura, Caldera and Corinto for a total weight of 30,000 tons. Incofe will also bid for 12,000 tons of standard grade ammonium sulphate and 4,000 tons of granulated ammonium sulphate on February 5 and will ship to Guatemala in March, part of a 40,000 ton compound cargo from China.

Brazil: Due to low demand at the end of the season, some unsold Chinese ammonium sulphate, which is backlogged by Brazilian ports, put pressure on sales prices. China’s extruded grade ammonium sulphate at a price of 180-185 US dollars / ton cfr, better quality at $ 190 / ton cfr. As traders try to get out of hand at the end of the import season, or start doing business in the new season, products with unspecified origin are quoted at $170/ton cfr. LANXESS has sold 25,000 tons of granular and standard granular cargo, which will be shipped to Brazil in February at the same price in January. The goods will be unloaded at three ports in northeastern Brazil. As of the end of February this year, nine freighters of ammonium sulphate will load nearly 200,000 tons of ammonium sulphate into the Brazilian port. This is a reduction of 40,000 tons from the previous week. With the exception of three Belgian goods, all ammonium sulphate is produced in China.

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