Ammonium sulphate: International market trend of ammonium sulphate in the first week of April 2019
Source: Zhongyu Information Date: 2019-4-9 15:10:29
3.28-4.4 International Market Trends (from foreign sources)
Black Sea: SBU Azot has sold 3,000 tons of internal ammonium sulfate for a total of 2 ships, which will be shipped from the factory in April. A trader purchased ammonium sulphate at the mid-low price of $120/ton fob Black Sea, ready to ship to Samsun, Turkey. Kuibyshevazot’s 3000-6000 tons of internal ammonium sulfate is shipped from the Black Sea with a target price of $130/ton FOB. Due to the decline in demand for NPK producers in the domestic market, Russian suppliers increased their exports in April.
Turkey: It is reported that a 3,000-ton internal grade ammonium sulphate freighter has been sold to a Turkish buyer at $130/ton fob Black Sea for delivery to Samsun. This is equivalent to a CIF price of $140/ton cfr. Turkish buyers are expected to look for more small-scale ammonium sulphate producers, which are expected to peak in late May/early June. European producers will seek goods with a minimum of $150/ton cfr. Further inquiries for large vessels from China are unlikely to occur this quarter. According to GTT data, Turkey imported 143,000 tons of ammonium sulphate in the first two months of 2019, up from 109,000 tons in the same period last year. China is still the main supplier of 97,000 tons, more than 71,000 tons. In the first two months of 2019, the United States supplied 31,000 tons, up from 19,000 tons a year ago; Ukraine supplied 15,000 tons, slightly lower than 19,000 tons a year ago.
Brazil: The peak demand season in Brazil is coming. According to reports, many goods will be shipped in April/May, and an estimated 220,000 tons of Chinese products will be shipped through different traders. In April this year, LANXESS will load 25,000 to 30,000 tons of ammonium sulphate to Brazil in Antwerp. The price of extruded grade ammonium sulphate is between 170-190 US dollars / ton cfr, depending on the quality, China’s extrusion grade is at the low end of the price range, Europe is at the high end of the price range. The sale price of quality Chinese products is 180-185 US dollars / ton cfr, while European producers hope that the price of goods in May is 195 US dollars / ton cfr. The standard offer for ammonium sulphate in southern China is about $140 per ton, and the price in Europe is about $5 per ton.
China: Due to a variety of factors, including factory shutdowns, domestic market demand and rising interest in exports to Brazil, the price of caprolactam-grade products remains unchanged at $110-113/tonne FOB. According to reports, this week’s extrusion grade price is about 145 US dollars / ton fob China, depending on the quality. The FOB price of granular ammonium sulfate is about $160/ton. It is estimated that about 110,000 tons of extrusion-grade cargo ships will be loaded into Brazil in Tianjin and Longkou ports in April. Domestic strong demand for coking grades for compound fertilizer production, as well as Brazil’s demand for crushed grades in China, has begun to push up the price of southern coking grades. The steel coke grade is 630 yuan / ton (94 US dollars / ton), up 35 yuan / ton than the end of March. Argus estimates that the market will reduce by about 220,000 tons due to maintenance shutdowns between April and June. In addition, on March 26, Haili was forced to shut down its Jiangsu plant with an annual output of 300,000 tons of ammonium sulfate. On March 22, a fatal explosion occurred at a nearby chemical plant. The plant is expected to be shut down for about a month.
Philippines: It is reported that Atlas will end its inquiry for 8,000 tons of its internal products next week, which will be shipped to Sanchi in late April/early May. La Filipina in the Philippines will hold a tender on April 5 to purchase 6,000 tons of internal ammonium sulphate and transport it to Manila and Bacolod in the second/third week of May. The offer is valid until April 8. The last sale was at the mid-high level of $130/ton cfr and the net amount was $106-110/ton FOB. China’s FOB price cannot be less than US$110/ton. According to GTT data, the total import of ammonium sulfate to the Philippines in January 2019 was 52,000 tons, which was the same as the previous year. China accounts for 70% of the total, 36,000 tons, and Australia’s 16,000 tons.
India: PPL will bid 10,000 tons of standard grade ammonium sulphate on April 5 and ship it in April. The bid is valid until April 10.
Malaysia: China’s MMA grade ammonium sulfate is priced at $118-120/ton cfr. The East Asian (non-Chinese) South Pacific Asset Management Corporation caprolactam grade is being adjusted according to conventional agreements and is priced slightly below $130/ton cfr.
Australia: GTT data show that Australia’s South Pacific imports fell from 116,986 tons in January-February 2018 to 103,700 tons in the first two months of 2019. China’s shipments accounted for about two-thirds of total shipments, slightly lower than last year’s 73,000 tons, to 69,000 tons. Other major imports include (previous year in parentheses): 27,000 tons (25,000 tons) in Thailand and 3,000 tons (7000 tons) in Indonesia.
Sri Lanka: The Sri Lankan government announced that private sector importers bought the highest price of imported fertilizers in the second quarter of this year.
The government raised the maximum cfr price of ammonium sorbate imports from $138 in the previous quarter to $146.72/ton. This price includes a 180-day credit period.
Northwest Europe: For European buyers, the standard price index has been stable at around $140/ton FOB. The net market in Brazil is at $120/ton FOB. Producers in northwestern Europe are inspecting shipments of extruded grade products in the Baltic region.