There were two main phases to the week - the early stage of stagnant prices and subdued buyer interest, and the latter stage of the frenzied reaction of traders to Russia's military action against Ukraine.There is the biggest gains of Egypt and Nora, traders covering short positions and building lon

Brazil46%TSP is roughly around US$730-735/ton CFR, but the purchasing activity is slow, and SSP is more concerned this week.EgyptSuppliers are targeting TSP at around $700/t fob, compared with a previous selling price of $670/t fob. Freight rates for a Handysize to Brazil are around $40/t. NCIC will

Indian market remains active, US prices riseIndian DAP importers remain active, buying at least 150,000 tonnes of DAP from Russia and Saudi Arabia this week at $917-923/t cfr, in line with previous sales, including earlier Chinese DAP cargoes , but China's export supply of phosphate still needs to g

India buys, prices plummetThis week, other major import markets generally took a wait-and-see attitude. Prices plunged in Brazil, the US and Europe, reflecting sellers' attempts to secure liquidity.In India's urea tender on February 7, when the lowest price was below $600/t cfr, but producers and tr

Black Sea/Baltic Sea:Standard ammonium sulfate prices in the Black and Baltic Seas were stable on the back of new light activity and signs of a steady pullback. Buyers said Kuaz could export standard ammonium sulfate in February, with an initial offer of $420/t FOB Black Sea. Turkish buyers said tho