Views:2 Author:Site Editor Publish Time: 2018-09-17 Origin:Site
Spots in Europe and China are tight, but due to lack of demand in the current period, ammonium sulfate prices remained stable this week. Traders are estimating how much interest will increase in Brazil's purchases in October and how much demand in Turkey will fall the rest of the year.
China: Spot prices are stable at $116-119/ton FOB. The producer's offer is $117-119/ton FOB, but there is no company bid on the market this week.
Turkey: Uncertainty in the Turkish exchange rate has prevented major buyers. It is currently being discussed that at least one shipment will be shipped to Turkey in October and transferred to a large buyer, but this depends on the availability of credit from Turkish bank. From January to July this year, Turkey's ammonium sulfate imports fell by about 10% year-on-year to 638,000 tons, more than half of which came from China. Sales were slowed down from August due to the subsequent slowdown in sales due to the depreciation of the Turkish lira.
Brazil: Brazil's demand for pellets is expected to increase in the coming weeks. Brazil’s imports this year continue to be lower than in 2017, with imports from January to August reaching 12.7 million tons, a decrease of 7% from last year. Although China's export of granular ammonium sulfate to Brazil has increased significantly, this downward trend continues. China's shipments have increased by 50% year-on-year, and China's shipments to Brazil in the first eight months of this year were 735,000 tons. As buyers look for cheaper prices in China, these sales seem to have replaced sales in Europe and the United States. Belgium's shipments this year have fallen by 30% to 230,000 tons, while US shipments have fallen by 68% to 960,000 tons. But there are signs that Brazil’s purchases will increase during the rest of the year. Imports in August reached 193,000 tons, the largest monthly import in Brazil since March 2017, almost double the amount imported in August 2017.
Morocco: A cargo inquiries