Views: 5 Author: Site Editor Publish Time: 2024-08-16 Origin: Site
India has no quotation, Southeast Asian prices have been raised
The supplier did not respond to the Indian buyer's tender, which will end this week. It is reported that HURL has not received an offer to purchase 60000 tons of 20-20-0+13S; There is also a lack of interest in Hindalco purchasing around 25000 to 50000 tons of fertilizers of various grades. This has surprised the market, but the expectation of price increases is also helping potential sellers stay away from the market.
In Southeast Asia, the middle price of 15-15-15/16-16-16 has increased by $22.5 per ton, reflecting the latest sales and stronger quotes from suppliers. In addition, the low-end price of Germany's 15-15-15 rose by $5/ton, despite weak trading.
In Russia, the market's interest in compound fertilizers is growing at various levels of the supply chain, with the majority concentrated between 10-26-26. Most large buyers have already identified their autumn needs.
In other regions, the market performance is calm and prices are basically stable.
market factors
1. The import volume of NPK in the Philippines decreased to 80700 tons in the first half of the year, a year-on-year decrease of 25%. The main reason is the decrease in supply from China and South Korea; But in the first half of the year, NP/NPS revenue increased by 23% year-on-year.
2. Urea further weakens. This week, urea prices in various regional markets have declined, with relatively few transactions. In the coming weeks, prices may further decline to stimulate demand.
30-60 day forecast
Continue to drive up prices
The release of phased demand and the advancement of the market are beneficial for suppliers to increase prices. Buyers may have to accept some price increases in the coming weeks.
