#propane
Propane prices in Asia and the Pacific are under pressure, as in other global markets. The Argus Far East index for July was $747 per ton, following a monthly decline in demand that began in April.
Demand in Asia was severely affected due to China's quarantine and travel restrictions to deal with the Covid-19 virus. These restrictions have been somewhat reduced in recent weeks, but the recovery of demand is taking place slowly. Due to the many concerns about the future of the world economy, the demand outlook for propane will continue to decrease due to the cold, except during certain seasonal periods.
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Propane prices in Asia and the Pacific are under pressure, as in other global markets. The Argus Far East index for July was $747 per ton, following a monthly decline in demand that began in April.
Demand in Asia was severely affected due to China's quarantine and travel restrictions to deal with the Covid-19 virus. These restrictions have been somewhat reduced in recent weeks, but the recovery of demand is taking place slowly. Due to the many concerns about the future of the world economy, the demand outlook for propane will continue to decrease due to the cold, except during certain seasonal periods.
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Polymers Price List, (Aug.2022 Current week List).pdf
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📍 12-month vision of urea market
Urea in two decreasing and increasing paths
The one-month outlook of urea shows that the urea market is in two opposite directions. On the one hand, due to the repairs and suspension of units, imports of this product to Europe, especially from North Africa, are profitable. On the other hand, the decrease in demand and the chaotic situation of the economy in the world and the decline of economic activities cause the price to decrease.
Urea production costs
Urea production costs include feed costs, fixed costs, transportation costs and miscellaneous costs, which in countries such as Russia and China, these costs are much lower than in European countries.
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Urea in two decreasing and increasing paths
The one-month outlook of urea shows that the urea market is in two opposite directions. On the one hand, due to the repairs and suspension of units, imports of this product to Europe, especially from North Africa, are profitable. On the other hand, the decrease in demand and the chaotic situation of the economy in the world and the decline of economic activities cause the price to decrease.
Urea production costs
Urea production costs include feed costs, fixed costs, transportation costs and miscellaneous costs, which in countries such as Russia and China, these costs are much lower than in European countries.
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American gas reserves are less than the 5-year average
American gas storage tanks are still below the average inventory of the past 5 years. Gas demand has decreased after the fire in the Texas LNG unit and prices have reached below 8 dollars per million BTU. Lower prices can lead to industrial demand and an increase in reserves. It is expected that the demand of industries to buy gas will prevent the further reduction of gas prices.
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American gas storage tanks are still below the average inventory of the past 5 years. Gas demand has decreased after the fire in the Texas LNG unit and prices have reached below 8 dollars per million BTU. Lower prices can lead to industrial demand and an increase in reserves. It is expected that the demand of industries to buy gas will prevent the further reduction of gas prices.
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Argus Nitrogen (2022-08-25).pdf
2.7 MB
the weekly price of urea was is attached, based on Argos journal.
by checking the prices of the week and according to the previous predictions, the price of urea will rise slowly,
according to previous years, there is a significant jump expected in the middle of September.
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by checking the prices of the week and according to the previous predictions, the price of urea will rise slowly,
according to previous years, there is a significant jump expected in the middle of September.
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Dear colleagues who want to buy urea, please contact us
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“UREA” FOB of the Persian Gulf:
“539 USD ~ 750 USD “
▫️ European natural gas prices, which reached a record $100 per MMBtu, were very expensive for European nitrogen fertilizer producers this week. A large number of factories were closed in recent days and more are on the way.
▫️ Global urea producers will benefit from the reduction of European ammonia and nitrate production, with their production from North Africa, the Middle East and even Indonesia.
▫️ Global market activity for Di-ammonium phosphate was mild, but in India sales were brisk as buyers made use of limited demand elsewhere.
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“539 USD ~ 750 USD “
▫️ European natural gas prices, which reached a record $100 per MMBtu, were very expensive for European nitrogen fertilizer producers this week. A large number of factories were closed in recent days and more are on the way.
▫️ Global urea producers will benefit from the reduction of European ammonia and nitrate production, with their production from North Africa, the Middle East and even Indonesia.
▫️ Global market activity for Di-ammonium phosphate was mild, but in India sales were brisk as buyers made use of limited demand elsewhere.
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Review of the global market of urea and chemical fertilizers
Stopping urea production in Europe due to repairs and lack of economic efficiency
The European fertilizer industry will be somewhat out of production next month as fertilizer prices have not been able to keep pace with gas prices, and as a result fertilizer producers will suffer huge losses.
Transportation problems and unwillingness of buyers to buy chemical fertilizers
Based on the analysis of the current problems of importers of chemical fertilizers, in order to compensate and supply the lack of production in Europe due to the severe problems of water transportation and the lowering of the river level, and this is while the farmers and buyers of chemical fertilizers and products related to After 5 to 6 months away from agricultural work, they show a great desire to buy fertilizer to use in their agricultural lands.
Price variation in the Black Sea
In the analysis of the urea industry, the prices of urea granules this week also had a wide range because the issues of embargo and transportation problems, as well as the marketing policies of the companies, have caused the prices to differ to a large extent due to the origin of different constructions.
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Stopping urea production in Europe due to repairs and lack of economic efficiency
The European fertilizer industry will be somewhat out of production next month as fertilizer prices have not been able to keep pace with gas prices, and as a result fertilizer producers will suffer huge losses.
Transportation problems and unwillingness of buyers to buy chemical fertilizers
Based on the analysis of the current problems of importers of chemical fertilizers, in order to compensate and supply the lack of production in Europe due to the severe problems of water transportation and the lowering of the river level, and this is while the farmers and buyers of chemical fertilizers and products related to After 5 to 6 months away from agricultural work, they show a great desire to buy fertilizer to use in their agricultural lands.
Price variation in the Black Sea
In the analysis of the urea industry, the prices of urea granules this week also had a wide range because the issues of embargo and transportation problems, as well as the marketing policies of the companies, have caused the prices to differ to a large extent due to the origin of different constructions.
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Petrochemical Products Weekly Offer.pdf
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Weekly Available Products List
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Polymers Price List, (29 Aug.2022 Current week List).pdf
471 KB
Polymers Price List, (29 Aug.2022 Current week List)
For more details, please call us
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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For more details, please call us
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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#Fertilizer
The European fertilizer industry will be somewhat out of production next month as fertilizer prices have not been able to keep pace with gas prices, and as a result fertilizer producers will suffer huge losses.
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The European fertilizer industry will be somewhat out of production next month as fertilizer prices have not been able to keep pace with gas prices, and as a result fertilizer producers will suffer huge losses.
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Urea 46% by FOB and CFR terms,
For more details, please call us
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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For more details, please call us
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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Daily Global Polyolefins Report Monday August 29, 2022.pdf
1.3 MB
Daily Global Polyolefin Report Monday August 29, 2022
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Weekly Report - 29th August 2022.pdf
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Weekly Report Global, August 29, 2022
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#UREA Market
The prices of urea granules this week also had a wide range because the embargo issues and transportation problems as well as the marketing policies of the companies have caused the prices to differ to a large extent due to the origin of different constructions. For example, the price of Russian exports to Turkey is known as the lowest price in the Black Sea region, and the price of urea exported from Uzbekistan to Europe is known as the highest urea price in the Black Sea region.
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The prices of urea granules this week also had a wide range because the embargo issues and transportation problems as well as the marketing policies of the companies have caused the prices to differ to a large extent due to the origin of different constructions. For example, the price of Russian exports to Turkey is known as the lowest price in the Black Sea region, and the price of urea exported from Uzbekistan to Europe is known as the highest urea price in the Black Sea region.
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#Latest news of global urea deals
One of the urea traders sold 5,000 tons of urea granules from Turkmenistan at a price above $590 per ton based on the FOB Poti delivery term for shipment in September to Romania at the beginning of this week. But after this transaction, the price offers for Turkmenistan urea granules increased and reached 630 to 644 dollars at the end of the week. Azerbaijan "SOCAR" company tendered its bid to sell 30 thousand MT of urea granules for shipment in September from Poti port in Georgia on the 26 September ends and the deadline for receiving financial offers expires on this day.
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One of the urea traders sold 5,000 tons of urea granules from Turkmenistan at a price above $590 per ton based on the FOB Poti delivery term for shipment in September to Romania at the beginning of this week. But after this transaction, the price offers for Turkmenistan urea granules increased and reached 630 to 644 dollars at the end of the week. Azerbaijan "SOCAR" company tendered its bid to sell 30 thousand MT of urea granules for shipment in September from Poti port in Georgia on the 26 September ends and the deadline for receiving financial offers expires on this day.
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#Latest news of global urea deals
• Poland
"Grupa Azoti refinery" closed its urea unit this week because it was not economically feasible due to the increase in the price of natural gas. The closure of this production unit will result in a decrease in supply equal to one and a half million tons per year, which will lead to an increase in the amount of imports.
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• Poland
"Grupa Azoti refinery" closed its urea unit this week because it was not economically feasible due to the increase in the price of natural gas. The closure of this production unit will result in a decrease in supply equal to one and a half million tons per year, which will lead to an increase in the amount of imports.
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#Latest news of global urea deals
• United Kingdom
One of the urea traders sold a shipment in several parts to urea buyers at the amount of $830 per ton at the beginning of the week, but the price gradually increased to about $880 per ton at the end of the week as CFR delivery.
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• United Kingdom
One of the urea traders sold a shipment in several parts to urea buyers at the amount of $830 per ton at the beginning of the week, but the price gradually increased to about $880 per ton at the end of the week as CFR delivery.
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#Latest news of global urea deals
Comparing the price of European imported urea from Egypt and urea produced in the European Union, taking into account all costs from August last year until now, shows that as long as the price of gas did not increase much, the costs were somewhat lower than the import price, but with The increase in production costs in the last few months, the cost of producing one ton of urea is much higher than the cost of buying it from Egypt.
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Comparing the price of European imported urea from Egypt and urea produced in the European Union, taking into account all costs from August last year until now, shows that as long as the price of gas did not increase much, the costs were somewhat lower than the import price, but with The increase in production costs in the last few months, the cost of producing one ton of urea is much higher than the cost of buying it from Egypt.
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EXPERTAF Group New Offer
UREA 46%
Min Quantity: 500 Mt
Monthly Quantity: 5000 Mt
Delivery Terms: CPT Turkey
Packing (1) : Big bag 1000 Mt
Packing (2) : 50 Kg Bags
Delivery Time: 10 days
Price: W.B.I
Payment Terms: W.B.I
For More Details, Please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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UREA 46%
Min Quantity: 500 Mt
Monthly Quantity: 5000 Mt
Delivery Terms: CPT Turkey
Packing (1) : Big bag 1000 Mt
Packing (2) : 50 Kg Bags
Delivery Time: 10 days
Price: W.B.I
Payment Terms: W.B.I
For More Details, Please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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