International Market Trend of Ammonium Sulfate in the 2nd Week of April 2019

Ammonium Sulfate: International Market Trend of Ammonium Sulfate in the 2nd Week of April 2019

Source: Zhongyu Information Date: 2019-4-12 14:06:33
4.4-4.11 International Market Trends (from foreign sources)

China: Since April this year, China’s domestic demand has supported the export prices of caprolactam-grade products to be firm. The transaction records show that there are no products with a FOB price of less than $110 this week. Producers are looking for the next sale of $113-115/ton FOB. Despite this, in order to obtain business in Southeast Asia, sellers still have to sell at a price below US$105/ton FOB. Steel coke prices continue to rise due to environmental closures and increased local demand for NPK fertilizers, as well as demand from extruded pellets. According to reports, the steel coke level rose by 15 yuan / ton, reaching 600 yuan / ton, equivalent to 89 dollars / ton. The price of extruded grade ammonium sulfate stabilized this week at a price of US$142-147/ton FOB in China. The FOB price of granular ammonium sulfate is about $160/ton.

India: PPL tendered for the purchase of 10,000 tons of standard grade ammonium sulphate on April 5 and shipped it in April. Basically, the price from China is around $140/ton cfr. The PPL bid for $132/ton cfr and finally confirmed that it was sold at $137/ton cfr Aries for immediate shipment.

Philippines: It is reported that La Filipina of the Philippines purchased 6,000 tons of internal ammonium sulfate and won the bid at the low price of US$130/ton cfr on April 5. The shipment will be shipped to Manila and Bacolod in the second/third week of May.

Black Sea: Kuibyshevazot has sold two 3,000 tons of internal ammonium sulfate, which will be shipped in April. The first shipment was sold to Lebanon by a trader at a price of US$120/tonne Black Sea, and the second batch was sold to Turkey at the same price. SBU’s April ammonium sulphate shipments have been sold out, and there may be some exports in May, depending on the start-up of the caprolactam plant.

Turkey: Turkish buyers are expected to purchase products in the coming weeks, and the demand season will continue until early June. According to reports, there was only one new deal this week – Kuibyshevazot sold 3,000 tons of cargo from the Black Sea for $120/ton FOB. The freight to the northern port is estimated to be around $15/ton. According to reports, a small number of European granulated goods were sold to Turkey at around $150/ton cfr.

Brazil: Brazil’s demand slowed this week and it is expected that demand will increase in the summer of next month. The price of extruded grade pellets remains unchanged at $170-190/ton cfr, depending on the quality. The price of Chinese raw materials is 170-185 US dollars / ton cfr, and the price of European granular sellers is 185-190 US dollars / ton cfr. So far, Brazil has arrived in Hong Kong with two ammonium sulfate cargo ships. The GH Urban Sea, which carries 11,000 tons of ammonium sulphate cargo, will arrive in Dremour on April 22, while the 38,000-ton Peace Pearl will arrive in Gavilon on May 13. However, it is reported that some Chinese goods will be loaded in April/May. European producers will also consider identifying goods for April/May, which may ship between 50,000 and 60,000 tons. China’s standard-grade cfr price is stable at around $140/ton, and European standard-grade cfr is around $140/ton.

Mexico: It is reported that demand from Mexican buyers is slowly increasing, looking at the prices of goods arriving at the end of May/early June. Due to the reduction in Korean goods, Mexican buyers may seek quotations from Europe. The latest sales target for East Coast delivery is $150/ton cfr for medium/high position and $180/ton cfr for medium/high position.

Northwestern Europe: The basic shipping contract for European producers will last until the second half of May. For European buyers, the standard price index is still stable at around $140/ton fob. The net income of the Brazilian market is close to $120/ton fob.

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