#Urea
The amount of urea supplied by Egypt from the beginning of this year to the end of July shows that this country had the largest supply of urea to the market this year with the supply of 118,000 tons of urea granules and pearls in April. Egypt has sold 126 thousand tons of urea in February. The price of urea in April was 880 to 1130 dollars, which is the highest price compared to other months. The lowest price of urea in Egypt since the beginning of this year has been 600 dollars per ton.
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The amount of urea supplied by Egypt from the beginning of this year to the end of July shows that this country had the largest supply of urea to the market this year with the supply of 118,000 tons of urea granules and pearls in April. Egypt has sold 126 thousand tons of urea in February. The price of urea in April was 880 to 1130 dollars, which is the highest price compared to other months. The lowest price of urea in Egypt since the beginning of this year has been 600 dollars per ton.
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Global urea price increase:
Checking the price of urea on the first day of September this year in all key regions shows that the price of urea increased between 50 and 138 USD per ton. The biggest price increase was in the American Gulf, Romania, the Persian Gulf and Southeast Asia. Urea price ranges from 540 USD in China to 900 dollars in Egypt. The influx of European importers to buy urea from African countries, especially Egypt, has increased the price in these areas.
In China, 12,000 tons of peril urea will be sent to India in October in response to India's next tender. It is expected that China will be able to supply 100 to 150 thousand tons of urea needed by India in the next tender. China has exported 874,895 tons of urea in the months of January to July this year, which shows a decrease of 67% compared to the country's 2.7 million exports in the same period last year. In July, China's urea exports reached 150,694 tons, which is 30% less than the 242,194 tons of exports in July 2021.🔴 W.P.O (Weekly Petro Offer) 🔴
Checking the price of urea on the first day of September this year in all key regions shows that the price of urea increased between 50 and 138 USD per ton. The biggest price increase was in the American Gulf, Romania, the Persian Gulf and Southeast Asia. Urea price ranges from 540 USD in China to 900 dollars in Egypt. The influx of European importers to buy urea from African countries, especially Egypt, has increased the price in these areas.
In China, 12,000 tons of peril urea will be sent to India in October in response to India's next tender. It is expected that China will be able to supply 100 to 150 thousand tons of urea needed by India in the next tender. China has exported 874,895 tons of urea in the months of January to July this year, which shows a decrease of 67% compared to the country's 2.7 million exports in the same period last year. In July, China's urea exports reached 150,694 tons, which is 30% less than the 242,194 tons of exports in July 2021.🔴 W.P.O (Weekly Petro Offer) 🔴
#Urea
Anwil Company announced that it is necessary to restart its chemical fertilizer production line due to food safety. This conversation was just one week after the announcement of the closure of the production unit of this company with a capacity of 965 thousand tons per year, which was announced by the state company PKN of Poland for an indefinite period and due to the high price of gas. The restart of this unit is due to helping the government in providing food. Simultaneously with the closure of this unit, another production unit was also closed due to the high price of gas in Poland. It is unlikely that European fertilizer production units will reach their previous production levels in the near future2021.
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Anwil Company announced that it is necessary to restart its chemical fertilizer production line due to food safety. This conversation was just one week after the announcement of the closure of the production unit of this company with a capacity of 965 thousand tons per year, which was announced by the state company PKN of Poland for an indefinite period and due to the high price of gas. The restart of this unit is due to helping the government in providing food. Simultaneously with the closure of this unit, another production unit was also closed due to the high price of gas in Poland. It is unlikely that European fertilizer production units will reach their previous production levels in the near future2021.
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#Urea
Checking the price of urea on the first day of September this year in all key regions shows that the price of urea increased between 50 and 138 dollars per ton. The biggest price increase was in the American Gulf, Romania, the Persian Gulf and Southeast Asia. Urea price ranges from 540 dollars in China to 900 dollars in Egypt. The influx of European importers to buy urea from African countries, especially Egypt, has increased the price in these areas.
For more detail to purchasing the UREA 46% By good price and condition, please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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Checking the price of urea on the first day of September this year in all key regions shows that the price of urea increased between 50 and 138 dollars per ton. The biggest price increase was in the American Gulf, Romania, the Persian Gulf and Southeast Asia. Urea price ranges from 540 dollars in China to 900 dollars in Egypt. The influx of European importers to buy urea from African countries, especially Egypt, has increased the price in these areas.
For more detail to purchasing the UREA 46% By good price and condition, please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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#Urea
ARGUS Journal , UREA, 09 Sep,22 👆
UREA 46% By good price and condition, please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
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ARGUS Journal , UREA, 09 Sep,22 👆
UREA 46% By good price and condition, please contact us:
Tel: +90 2128235092
Mob: +90 5352243137
Whatsapp: +905342643137
Email: metin.h@Expertaf.co
🔴 W.P.O (Weekly Petro Offer) 🔴
#Urea
The comparison of prices in Egypt, the Persian Gulf, and China in September shows that during August, the price of urea increased in all three regions and continued in September, and now the price of urea in Egypt is about 870 dollars per per ton is higher than the price of Persian Gulf urea at around $700 per ton and Chinese urea at around $560 per ton. Throughout this year and last year, the price of urea in Egypt has been higher than the price in the Persian Gulf and China, but at some times, such as in the first months of this year, the price of urea in all three regions has been equal, and at the same time, it has experienced sharp reductions. After Russia's attack on Ukraine, it has also faced severe fluctuations.
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The comparison of prices in Egypt, the Persian Gulf, and China in September shows that during August, the price of urea increased in all three regions and continued in September, and now the price of urea in Egypt is about 870 dollars per per ton is higher than the price of Persian Gulf urea at around $700 per ton and Chinese urea at around $560 per ton. Throughout this year and last year, the price of urea in Egypt has been higher than the price in the Persian Gulf and China, but at some times, such as in the first months of this year, the price of urea in all three regions has been equal, and at the same time, it has experienced sharp reductions. After Russia's attack on Ukraine, it has also faced severe fluctuations.
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#Urea
Middle East,
• Oman
According to the report of the oil and gas analysis team, in the transactions of urea in the Middle East and Oman, the last transaction was reported for 40,000 tons of urea granules at a price of $700 per ton and based on the FOB term for delivery in October.
• Emirates
Fertiglobe Company has prepared shipments for the next Indian tender.
• Saudi Arabia, Bahrain, Qatar
In Saudi Arabia, Bahrain and other producers will prepare at least one shipment for India's tender, but it is not clear that their price will be equal to the price of the shipments that are exported to China and Russia.
• Iran
Iran's urea prices have increased compared to before and reached $590 per ton based on the FOB delivery term.
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Middle East,
• Oman
According to the report of the oil and gas analysis team, in the transactions of urea in the Middle East and Oman, the last transaction was reported for 40,000 tons of urea granules at a price of $700 per ton and based on the FOB term for delivery in October.
• Emirates
Fertiglobe Company has prepared shipments for the next Indian tender.
• Saudi Arabia, Bahrain, Qatar
In Saudi Arabia, Bahrain and other producers will prepare at least one shipment for India's tender, but it is not clear that their price will be equal to the price of the shipments that are exported to China and Russia.
• Iran
Iran's urea prices have increased compared to before and reached $590 per ton based on the FOB delivery term.
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#Urea
The future perspective of urea shows that urea buyers will consider the opportunity and buy when the prices decrease. Gas prices are still high in Europe and logistics and transportation issues for imports to Europe remain. Demand from Brazil does not appear to be picking up again as expected.
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The future perspective of urea shows that urea buyers will consider the opportunity and buy when the prices decrease. Gas prices are still high in Europe and logistics and transportation issues for imports to Europe remain. Demand from Brazil does not appear to be picking up again as expected.
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#Urea
In the countries of the Black Sea region, the last transaction was related to the Socar Azar Baijan company, which sold 5,000 tons of urea for shipment in September. The selling price of this shipment was between 720 and 730 dollars per ton. In Ukraine, due to the fact that most of the urea production plants were closed, there was no movement in the market. Ostchem's Cherkassy urea production unit was supposed to restart in the second half of September, although most of this unit will be dedicated to the production of urea ammonium nitrate.
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In the countries of the Black Sea region, the last transaction was related to the Socar Azar Baijan company, which sold 5,000 tons of urea for shipment in September. The selling price of this shipment was between 720 and 730 dollars per ton. In Ukraine, due to the fact that most of the urea production plants were closed, there was no movement in the market. Ostchem's Cherkassy urea production unit was supposed to restart in the second half of September, although most of this unit will be dedicated to the production of urea ammonium nitrate.
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#Urea
In Europe, granulated urea supply in the week ending September 8 was between €930 and €950 based on the FCA delivery term, although there was little willingness to buy. The price of gas is still at its highest level and 20 to 30 euros per million BTU is higher than the level that production units can start their production. About 70% of the urea production capacity in Europe is still closed. Compared to the previous month, urea production has decreased by 300,000 tons, which means the import of more than 25 ships of urea from now until December of this year.
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In Europe, granulated urea supply in the week ending September 8 was between €930 and €950 based on the FCA delivery term, although there was little willingness to buy. The price of gas is still at its highest level and 20 to 30 euros per million BTU is higher than the level that production units can start their production. About 70% of the urea production capacity in Europe is still closed. Compared to the previous month, urea production has decreased by 300,000 tons, which means the import of more than 25 ships of urea from now until December of this year.
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#Urea
The European urea market is in a fragmented condition with high and different prices, and it is approximately 200-250 dollars per ton more expensive than other markets. On September 9, the prices in Europe and other parts of the world were as follows:
• Northwest Europe $900 to $935 per ton (CFR)
• India $650 per ton (CFR)
• Brazil 680 to 750 dollars per ton (CFR)
American Gulf $689 to $755 per tonne (CFR)
Southeast Asia $635 to $695 per ton (CFR)
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The European urea market is in a fragmented condition with high and different prices, and it is approximately 200-250 dollars per ton more expensive than other markets. On September 9, the prices in Europe and other parts of the world were as follows:
• Northwest Europe $900 to $935 per ton (CFR)
• India $650 per ton (CFR)
• Brazil 680 to 750 dollars per ton (CFR)
American Gulf $689 to $755 per tonne (CFR)
Southeast Asia $635 to $695 per ton (CFR)
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#Urea
In India, in 2022, the process of urea production has changed compared to previous years, and the production ceiling reached two and a half million tons in August because all the production factories were producing at maximum capacity. With this calculation, in 2022-2023, the total production of India will reach 28 and 29 million tons, and in this situation, India will need 6 to 7 million tons of urea for import, and this is while the amount of India's import in the last two years It was between 9 and 10 million tons, which shows that the increase in domestic production has been able to reduce the amount of imports to some extent. Based on the long-term contract with the Kingdom of Oman, India supplies one million tons of urea from this country every year. This year, India has bought more than 2 million tons of urea
Therefore, the amount of urea required by India will be three and a half million tons by the end of this year.
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In India, in 2022, the process of urea production has changed compared to previous years, and the production ceiling reached two and a half million tons in August because all the production factories were producing at maximum capacity. With this calculation, in 2022-2023, the total production of India will reach 28 and 29 million tons, and in this situation, India will need 6 to 7 million tons of urea for import, and this is while the amount of India's import in the last two years It was between 9 and 10 million tons, which shows that the increase in domestic production has been able to reduce the amount of imports to some extent. Based on the long-term contract with the Kingdom of Oman, India supplies one million tons of urea from this country every year. This year, India has bought more than 2 million tons of urea
Therefore, the amount of urea required by India will be three and a half million tons by the end of this year.
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#Urea
The decrease in harvest from the Middle East markets made the Middle East producers ready to supply the urea needed by India in the September 9 tender. India's urea price is $650 per ton based on FOB semester, which determines the urea price level for September and limits any price increase for the months of October and November. Brazilian prices are a little more expensive and around $680 per semester. FOB is that a lot of urea will be exported from the Middle East to the West to make this price gap more balanced. The outlook for the last quarter of this year indicates a global increase in the price of urea due to Europe's needs.
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The decrease in harvest from the Middle East markets made the Middle East producers ready to supply the urea needed by India in the September 9 tender. India's urea price is $650 per ton based on FOB semester, which determines the urea price level for September and limits any price increase for the months of October and November. Brazilian prices are a little more expensive and around $680 per semester. FOB is that a lot of urea will be exported from the Middle East to the West to make this price gap more balanced. The outlook for the last quarter of this year indicates a global increase in the price of urea due to Europe's needs.
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#Urea
India's Urea import tender was opened on September 9 and received a total of 2.251 million tonnes. The lowest price on the west coast was 668.15 US dollars/ton CFR and the lowest price on the east coast was 675.25 US dollars/ton CFR. *In this tender, India is looking to buy about one million tons of urea. However, China's domestic urea exports are still under legal inspection, and the customs clearance time and export quantity are limited.
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India's Urea import tender was opened on September 9 and received a total of 2.251 million tonnes. The lowest price on the west coast was 668.15 US dollars/ton CFR and the lowest price on the east coast was 675.25 US dollars/ton CFR. *In this tender, India is looking to buy about one million tons of urea. However, China's domestic urea exports are still under legal inspection, and the customs clearance time and export quantity are limited.
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# Sulphur market developments in mid-September by I.C.I.S
The difference in sulphur prices
Despite continued weak downstream demand, the sulphur market has taken a different course and some prices have recovered.
The vague shadow of Ukraine's battle over sulphur
ICIS has suspended Black Sea fob sulphur price assessment from April 7, 2022 until further notice due to Russia-Ukraine conflicts and believes that despite these warlike conditions, any price assessment would be misleading, but will continue to monitor the market weekly. .
✅ Ups and downs of sulphur CFR Asia
In China, discussions about Canadian shipments of hemp are $130-125/t CFR. One supplier offered cargoes at $150/t CFR but not much profit.
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The difference in sulphur prices
Despite continued weak downstream demand, the sulphur market has taken a different course and some prices have recovered.
The vague shadow of Ukraine's battle over sulphur
ICIS has suspended Black Sea fob sulphur price assessment from April 7, 2022 until further notice due to Russia-Ukraine conflicts and believes that despite these warlike conditions, any price assessment would be misleading, but will continue to monitor the market weekly. .
✅ Ups and downs of sulphur CFR Asia
In China, discussions about Canadian shipments of hemp are $130-125/t CFR. One supplier offered cargoes at $150/t CFR but not much profit.
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#Methanol
The prices in September in Europe for immediate sales were largely at low levels considering the loss limit, and this is because the low level of the Rhine River had become the most important issue in European transactions. It assessed itself at 354 euros per ton, which was 3 euros less than the previous day and about 2 euros less than the week ending September 2nd, but of course the demand was stable because there were enough incentives for storage in the port of Rotterdam these days. There is. In the week that started on September 5, at least 13,000 tons of methanol were traded as spot sales, and two thousand tons of methanol were traded on September 9 in this important European terminal.
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The prices in September in Europe for immediate sales were largely at low levels considering the loss limit, and this is because the low level of the Rhine River had become the most important issue in European transactions. It assessed itself at 354 euros per ton, which was 3 euros less than the previous day and about 2 euros less than the week ending September 2nd, but of course the demand was stable because there were enough incentives for storage in the port of Rotterdam these days. There is. In the week that started on September 5, at least 13,000 tons of methanol were traded as spot sales, and two thousand tons of methanol were traded on September 9 in this important European terminal.
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#Methanol
The desire to sell immediately in order to unload some shipments caused that 10 euros of late interest for late unloading for sales in the months of October and November was considered by the sellers. The European methanol market regularly monitors the water level of the Rhine River and it seems that the river level has risen a little recently, but anyway the latest changes indicate that the river level has increased up to 10 cm, but it is still less than 82 cm. meters, which was registered last week, and this water level makes it more difficult for the barge to move.
In Asia, methanol prices increased in the week ending September 15, due to higher coal prices in China and higher profits from methanol production in this country.
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The desire to sell immediately in order to unload some shipments caused that 10 euros of late interest for late unloading for sales in the months of October and November was considered by the sellers. The European methanol market regularly monitors the water level of the Rhine River and it seems that the river level has risen a little recently, but anyway the latest changes indicate that the river level has increased up to 10 cm, but it is still less than 82 cm. meters, which was registered last week, and this water level makes it more difficult for the barge to move.
In Asia, methanol prices increased in the week ending September 15, due to higher coal prices in China and higher profits from methanol production in this country.
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Analysis of the Asian petrochemical market
Increase of upstream and downstream benzene
Asian benzene settled at $908 per metric ton fob Korea on September 9, up $22. FOB Korea physical discussions started in the afternoon trading session of the same day, and during the process of evaluating the market pack, prices increased.
✅ The growth of toluene parallel to the adjacent market
Asian toluene prices rose $10 per metric ton in September, moving in sync with nearby downstream markets, according to Asia Petrochemical Market Analysis. No trades were reported during the market close.
The growth of methanol in line with the increase of the Chinese market
Ethylene glycol and purified terephthalic acid markets in China rose earlier in the week as tight regional ethylene supply from futures swings and lower PTA inventories boosted methanol futures.
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Increase of upstream and downstream benzene
Asian benzene settled at $908 per metric ton fob Korea on September 9, up $22. FOB Korea physical discussions started in the afternoon trading session of the same day, and during the process of evaluating the market pack, prices increased.
✅ The growth of toluene parallel to the adjacent market
Asian toluene prices rose $10 per metric ton in September, moving in sync with nearby downstream markets, according to Asia Petrochemical Market Analysis. No trades were reported during the market close.
The growth of methanol in line with the increase of the Chinese market
Ethylene glycol and purified terephthalic acid markets in China rose earlier in the week as tight regional ethylene supply from futures swings and lower PTA inventories boosted methanol futures.
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Global prices of propylene:
The comparison of the price of polypropylene raffia, which is produced from the leaves of the raffia palm tree, in the regions of India, China, Pakistan, and the Persian Gulf countries from 2021 until now shows that polypropylene has experienced a sharp price drop and entered the channel from $1,500. It has become 1000 dollars.
Few purchases have been made in the Persian Gulf region during the last two weeks. Feed buyers of propylene units are worried about the price of feed and act very cautiously and hope to know the prices before buying due to price fluctuations. The prices of raffia and injection polypropylene decreased slightly in the week ending September 16, which was due to the decrease in the prices of Saudi Arabia and non-GCC countries, which were between $1,030 and $1,040 based on the CFR delivery term of the Persian Gulf countries. Saudi CFR prices were a little more expensive and around $1,080.
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The comparison of the price of polypropylene raffia, which is produced from the leaves of the raffia palm tree, in the regions of India, China, Pakistan, and the Persian Gulf countries from 2021 until now shows that polypropylene has experienced a sharp price drop and entered the channel from $1,500. It has become 1000 dollars.
Few purchases have been made in the Persian Gulf region during the last two weeks. Feed buyers of propylene units are worried about the price of feed and act very cautiously and hope to know the prices before buying due to price fluctuations. The prices of raffia and injection polypropylene decreased slightly in the week ending September 16, which was due to the decrease in the prices of Saudi Arabia and non-GCC countries, which were between $1,030 and $1,040 based on the CFR delivery term of the Persian Gulf countries. Saudi CFR prices were a little more expensive and around $1,080.
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