Just like its famous equine counterpart, the tanker Dancing Brave was first out the gate when it performed the inaugural loading from the long-awaited Gulf Coast Ammonia (GCA) project in Texas a couple of days ago. The lifting of nearly 15,000t of spot volume for Norwegian major Yara’s operations at its Article Circle fertilizer facility…
DetailsChina entered 2025 in a seemingly comfortable position with regards to its potash supply. Overseas producers were continuing to ship 2024 contract volumes to Chinese importers at the price of $273pt cfr and China’s MOP port inventories were reported at a healthy volume of roughly 3Mt at the start of the year, including 1.5Mt of…
DetailsA cfr spot sale into Morocco at a significant discount to fob business in Algeria was the headline deal in yet another busy week for the international ammonia market, one in which the strong dislocation between prices in the East and West was illustrated clearly again. Trammo’s deal with OCP Group at $459pt cfr for…
DetailsMorocco’s fertilizer exports in 2024 reached a record 12.37Mt, up 13% yr-on-yr from 10.95Mt and roughly 1Mt above the previous record of 11.3Mt in 2020, according to latest Office Des Changes data. Notable volume increases were seen on MAP/NP/NPS but particularly on TSP, which rose as much as 750,000t and increased its share of OCP…
DetailsThe bearish tone of the merchant ammonia market that has been evident so far this year was clearly underlined by the early settlement of the Tampa contract for February loadings at a $38pt discount to this month, with the $500pt cfr figure heard prompted by a spot purchase at the same price. While confirmed details…
DetailsWith US President-elect Donald Trump set to be inaugurated on 20 January, the North American potash market is nervously awaiting confirmation on whether tariffs will be implemented on imports from Canada. Trump first threatened to impose 25% tariffs on imports of all goods from Canada and Mexico back in November 2024 and he has repeated…
DetailsRashtriya Chemicals and Fertilizers Limited (RCF) has issued a purchasing tender to close 23 January for shipments to Indian ports by 5 March. Tender documents state that the agency is targeting 500,000t on the east coast and 1m. tonnes for the west coast, although this is “subject to revision based on the final outcome of…
DetailsThe international merchant ammonia market has commenced 2025 fundamentally long on a strong supply situation in key export hubs and seasonally weak demand from large industrial buyers in Northwest Europe and Northeast Asia. With downward price pressure in the Middle East and Southeast Asia gathering pace on sluggish order books, discounted cargoes from the former…
DetailsNew CIQ applications for DAP/MAP exports from China were halted from 1 December. Whilst a number of key details are becoming clearer, still multiple grey areas remain on the implementation of the latest controls. The halt in exports comes as domestic DAP/MAP prices surged in China over recent weeks due mainly to jumps in raw…
DetailsBrazil’s P2O5 stocks have increased significantly throughout 2024 after entering the year at 839,442t. This volume was down 8% on 2022 closing stocks of 912,168t. Stocks have increased despite a considerable drop in Brazil’s year-to-date MAP imports. This is because the decline in MAP imports was offset by significant increases in imports of other lower-P205…
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