Although India's P fertilizer contract has been signed, the international phosphate fertilizer market seems to be unclear. South American purchases and the decline in freight rates have made the US market strong. US manufacturers that have not signed supply contracts with India have reported competitive prices for guaranteed sales, but they are still paying $50 more than they export to India. The United States began shipments to India in April, in which the Phosphorus Association may ship 3 ships, and Mayson will ship to India in April-May. Last week, the price of diammonium in the US market was basically the same as a week ago. The quoted price for Argentine goods in April was 660 US dollars, and the FOB price was 618-620 US dollars. According to reports, more and more competitive diammonium prices have emerged on the west coast of the United States, with quotes for Peru and Chile at $615. The CF and Mississippi Phosphate Company are not expected to sign contracts with India for 2011-2012, and they plan to re-export after the US has used the fertilizer in the spring. US domestic wholesalers are still waiting for the weather to improve to determine the spring demand. Barge diammonium in New Orleans Port is limited. According to the origin, the quotation is between 545 and 550 US dollars per short ton. Exports are still profitable meaning that producers will look for new export opportunities. In the United States, the price of synthetic ammonia rose by 10 U.S. dollars, and that of phosphate rock in Morocco increased by 20 to 25 U.S. dollars. The second-quarter price of liquid methane may also rise by 50 U.S. dollars.
Russia's European chemical company Lifosa has sold out diammonium and monoammonium in April but has not sold May cargoes. The company will ship 300,000 tons of diammonium contracted with India as early as May. But before that, European chemical companies may wait for PhosAgro to determine the number of contracts with India. European Chemicals sold a boat to Brazil in April last week, with a FOB price of US$615. The company used a production line to produce 9-25-25 products in April to supply the domestic market. PhosAgro has completed its sales in April. The company's supply of diammonium to India may decrease by 500,000 tons this year. This figure was 1 million tons last year.
The OCP in Morocco has completed most of its sales in April. The diammonium and monoammonium FOB prices range from 640 to 645 USD. It is reported that OCP sold 15,000 tons of diammonium for shipment to Mozambique in April. OCP sold 80,000 to 100,000 tons (refined) of phosphoric acid in the second quarter to India at a CIF price of US$980. OCP will raise the contract price of phosphate ore in Europe and Latin America by 22 to 25 US dollars, making 69% of the ore price reach 170 to 180 US dollars.
*** GCT resumed diammonium production in the Gabes area on April 3, but it was not producing at full capacity before the end of April. If new conditions do not occur, GCT will be able to resume exports in mid-May.
Although the CIF diammonium price has reached US$612, the Fertilizer Department of India has not yet modified the nutritional subsidy and the maximum retail price. It is expected that the maximum retail price is unlikely to increase before the May election. In addition, the nutrient subsidy for compound fertilizers will not be modified until the large-scale contract for potassium chloride is established. There are unconfirmed reports that CIL reached a 100,000-tonne diammonium order with a Chinese supplier and shipped it after June. The tender for diammonium and monoammonium that RCF ended on April 5 was only one tender, so the closing date was postponed until April 15. The March data temporarily shows that India's diammonium stocks are lower. Sri Lanka recently purchased 12,000 tons of heavy calcium, 36,000 tons of urea and 12,000 tons of potassium chloride.
Although procurement activities in Brazil have slowed down, importers are still looking for sources of supply. Their CIF value for a single ammonium is US$660-664, but Russian and Morocco’s source prices are higher than this. ***Heavy calcium is expected to begin shipping to Brazil in the second half of May.
Russia's European chemical company Lifosa has sold out diammonium and monoammonium in April but has not sold May cargoes. The company will ship 300,000 tons of diammonium contracted with India as early as May. But before that, European chemical companies may wait for PhosAgro to determine the number of contracts with India. European Chemicals sold a boat to Brazil in April last week, with a FOB price of US$615. The company used a production line to produce 9-25-25 products in April to supply the domestic market. PhosAgro has completed its sales in April. The company's supply of diammonium to India may decrease by 500,000 tons this year. This figure was 1 million tons last year.
The OCP in Morocco has completed most of its sales in April. The diammonium and monoammonium FOB prices range from 640 to 645 USD. It is reported that OCP sold 15,000 tons of diammonium for shipment to Mozambique in April. OCP sold 80,000 to 100,000 tons (refined) of phosphoric acid in the second quarter to India at a CIF price of US$980. OCP will raise the contract price of phosphate ore in Europe and Latin America by 22 to 25 US dollars, making 69% of the ore price reach 170 to 180 US dollars.
*** GCT resumed diammonium production in the Gabes area on April 3, but it was not producing at full capacity before the end of April. If new conditions do not occur, GCT will be able to resume exports in mid-May.
Although the CIF diammonium price has reached US$612, the Fertilizer Department of India has not yet modified the nutritional subsidy and the maximum retail price. It is expected that the maximum retail price is unlikely to increase before the May election. In addition, the nutrient subsidy for compound fertilizers will not be modified until the large-scale contract for potassium chloride is established. There are unconfirmed reports that CIL reached a 100,000-tonne diammonium order with a Chinese supplier and shipped it after June. The tender for diammonium and monoammonium that RCF ended on April 5 was only one tender, so the closing date was postponed until April 15. The March data temporarily shows that India's diammonium stocks are lower. Sri Lanka recently purchased 12,000 tons of heavy calcium, 36,000 tons of urea and 12,000 tons of potassium chloride.
Although procurement activities in Brazil have slowed down, importers are still looking for sources of supply. Their CIF value for a single ammonium is US$660-664, but Russian and Morocco’s source prices are higher than this. ***Heavy calcium is expected to begin shipping to Brazil in the second half of May.
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