International phosphate fertilizer market wait and see atmosphere strong and weak operation

International Phosphate Market Overview of the week

On the eve of the important meeting, east of the Suez Canal, buying and selling both wait and see. Quantum and Pakistan Fauji signed 50,000 tons of diammonium orders, the arrival price of less than 360 US dollars / short ton, at the same time, Bangladesh announced its 450,000 tons of diammonium purchase plan. Indian buyers continue to press the international market. West of the Suez Canal, the European chemical sold to Brazil 10,000 tons a ammonium, the arrival price of less than 360 US dollars / short ton, the schedule in June. With the end of the harvest of soybeans, Argentina’s domestic demand began to show, but there is no order transaction. Weekly major manufacturing companies, OCP, PhosAgro, EuroChem announced its quarterly statements, have said that the increase in production but the profit reduction.

Analysis on the trend of the major international phosphate fertilizer market

India: Local IPL company through a trader to reach an order, the arrival price of 358 US dollars / ton in the vicinity of the sailing in June. Another uncertain news that a trader and a large local importers reached 50,000 tons of diammonium orders contract, the arrival price of more than 360 US dollars / short ton, real-time ship. India RCF said it wants to buy 20,000 tons of diammonium / monoammonium, sailing in the 6-7 month.

Argentina: Local demand is still staying at 4-6 million tonnes of major importers in major importers, negotiating prices at $ 370 / short ton.

Brazil: European chemical sold to the local 10,000 tons a ammonium, June sailing, the arrival price of less than 360 US dollars / short ton. Local demand increased, but there is no obvious positive price factors. Suppliers below 360 US dollars / ton of arrival price temporarily no negotiations, Brazil is in a new round of procurement on the eve.

Pakistan: Hong Kong relies on Quantum to reach 50,000 tons of diammonium orders with Fauji in Pakistan. Engro from Merrycorn / Yihua purchase of phosphate fertilizer, shipped in Nantong port.

Bangladesh: Bangladesh Ministry of Agriculture issued 450,000 tons of diammonium, 27.5 tons of copper purchase plan, will be held on May 31 closing. Nominally

China: China’s port diammonium phosphate prices are still stable at 350 US dollars / ton, but the real show, higher than 340 US dollars / short ton price why we accept. India has been under pressure, China’s supply price fell to 350 US dollars / short ton, equivalent to FOB price of 340 US dollars / short ton.

This week the international phosphorus fertilizer prices stable operation. Diammonium China port FOB price of 348-350 US dollars / ton FOB China main port, equivalent to the ex-factory price 2080-2108 yuan / ton. At present, the domestic manufacturers of diammonium phosphate factory price of 2200-2350 yuan / ton, for now, its domestic prices higher than the export price. At $ 360 / short ton, sailing in June. With the end of the harvest near soybeans, Argentina’s domestic demand began to show, but there is no order transaction. Weekly major manufacturing companies, OCP, PhosAgro, EuroChem announced its quarterly statements, have said that the increase in production but the profit reduction.