作者：阿格斯化肥ArgusFertilizer 來源/微信公眾號：ArgusFertilizer 發布日期:2019-10-26
The main activity in the market concerns prilled urea sold for India, with nine cargoes of around 50,000t now confirmed for MMTC and due to load by 18 November. The price for most of the urea sold is $253/t fob, with freight to east coast ports put at around $15/t for 50,000t cargoes.
The cargoes will mainly load in Tianjin and there is some concern about the ability to receive and load such large tonnages by the deadline because of ongoing work on rail facilities at the port.
The sale of a large tonnage for export has not had the intended effect on the domestic market and prices have fallen this week. Some producers needing sales to generate cash have offered as low as Rmb 1,650/t ex-works in Shandong province, while prices in the main coal producing provinces have dropped to Rmb 1,540/t ex-works in Shanxi and Rmb 1,450/t ex-works in Inner Mongolia.
This is below breakeven for many producers.
In the granular urea market, a trader has bought 25,000t of Fudao product for November shipment to Chile. The price is in the range $252-255/t fob Basuo. Ameropa is also reported to have a Fudao granular cargo to sell.
Exports hit 550,000t in September
Exports of urea from China totaled 550,000t in September, nearly three times more than in the same month of 2018.
Overall exports January-September reached 3.24mn t, up from 1.14mnt in January-September 2018.
Exports are on track to exceed 4mn t in 2019, with another 450,000t sold for shipment to India in the 14 October MMTC tender, and could reach 4.5mn t. Exports in 2018 were just under 2.5mn t.
MMTC issued LOIs to suppliers on 18 October confirming awards for 1.176mn t of urea under its 14 October tender. The shipment deadline is 18 November.
Awards are shown in the accompanying table.
Traders have nominated the following vessels to load for India:
Freedom Line 47,500t loading in Oman for Hazira
Densa Panther 47,500t loading in China for Dhamra
Freestate 51,500t loading in Russia for Mundra
Magia 51,500t loading in China for Gangavaram
Yasa Eagle 65,000t loading in China for Kandla
Anemos 50,000t loading in China for Krishnapatnam