#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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Global Methanol - Weekly Market Report.pdf
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I.C.I.S Methanol Price.pdf
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Petrochemical Products Weekly Offer.pdf
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Expertaf Group
Supplier of
Petrochemical
Products
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Supplier of
Petrochemical
Products
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UREA Peril, SCO, by Expertaf.pdf
638 KB
The Special Offer,
UREA 46% Peril
EXPERTAF Group, in the field of chemical fertilizers;
At this time, we have 46% Urea, (Peril UREA), in Iskenderun, Turkey.
Please fınd the attached Soft Corporation Offer “SCO” and contact us
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UREA 46% Peril
EXPERTAF Group, in the field of chemical fertilizers;
At this time, we have 46% Urea, (Peril UREA), in Iskenderun, Turkey.
Please fınd the attached Soft Corporation Offer “SCO” and contact us
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#LNG, UREA
After the repeated rise in the price of LNG in 2021 in China, the price reached from about 10 dollars per one million BTU to about 20 dollars per one million BTU, which means a doubling of the prices. This multifold increase in price shows a huge increase in urea production costs in China.
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After the repeated rise in the price of LNG in 2021 in China, the price reached from about 10 dollars per one million BTU to about 20 dollars per one million BTU, which means a doubling of the prices. This multifold increase in price shows a huge increase in urea production costs in China.
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UREA Peril, SCO, by Expertaf -500 MT.pdf
637.7 KB
The Special Offer,
UREA 46% Peril, by "price" first 500MT
EXPERTAF Group, in the field of chemical fertilizers;
At this time, we have 46% Urea, (Peril UREA), in Iskenderun, Turkey.
Please fınd the attached Soft Corporation Offer “SCO” and contact us
🔴 W.P.O (Weekly Petro Offer) 🔴
UREA 46% Peril, by "price" first 500MT
EXPERTAF Group, in the field of chemical fertilizers;
At this time, we have 46% Urea, (Peril UREA), in Iskenderun, Turkey.
Please fınd the attached Soft Corporation Offer “SCO” and contact us
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OfferNo.10, 23-Sep, ABS150.pdf
611.5 KB
""""The Special Offer,"""""
“ABS - 0150”
For More Details, Please contact us:
Cel: +90 5352243137
Whatsapp: +905342643137
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“ABS - 0150”
For More Details, Please contact us:
Cel: +90 5352243137
Whatsapp: +905342643137
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#crude oil
Argus' assessment of Brent crude oil price decreased to $95 per barrel for the remaining months of this year. Of course, the crude oil price outlook also gives the possibility of an increase in crude oil prices. The NSD forecast for the years 2023 and 2024, respectively. It will be $96 per barrel and $105 per barrel.
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Argus' assessment of Brent crude oil price decreased to $95 per barrel for the remaining months of this year. Of course, the crude oil price outlook also gives the possibility of an increase in crude oil prices. The NSD forecast for the years 2023 and 2024, respectively. It will be $96 per barrel and $105 per barrel.
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