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According to the request of the respected members of the channel, the list of available products with prices will be issued from this week.
Next, the price list of polymer products by CPT turkiye terms, has been uploaded.
Please note that the prices list are valid until August 25.

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OPR_20220815.pdf
1.4 MB
According to Mr. "S.h" request whom is one of the respected members of the channel, the Plattes report of refinery products were loaded in the channel.
Contact us through the addresses announced in the channel.

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UREA NEWS
Urea prices fell again for the second week in a row in most global markets due to the decrease in demand. In the Middle East, prices fell sharply as producers cut prices in August and September to sell their remaining crop. Urea prices this week were around 550-560 dollars per ton.

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#Urea News
Prices in Southeast Asia fell this week, as did the Middle East, and were around $540-$557 per ton based on the term fob Brunei and fob Indonesia. The price was decreasing in some transactions. The prices of urea granules delivered to Myanmar increased by $30 per ton, while FOB prices in Iran increased by $20 from the last transaction of this country.

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#Urea News
A large amount of urea available to producers in the Middle East this week caused prices to drop. Three shipments were traded at prices of 550 to 560 dollars per ton based on the FOB term for shipment in August and the beginning of September, and the rest of the transactions were in the same price range.

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#Urea News
The Sri Lankan government has issued a tender for the purchase of 150,000 tons of urea, which has so far only managed to supply 10% of this volume. Valency will supply 12,500 tons of this amount of urea until September 15 at a price of $690 per ton based on the CFR delivery term of Sri Lanka.

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#Urea News
Paradeep Phosphate Company and Coromandel Company in India will receive two shipments of 10,000 tons of urea next month, which were purchased at a price of 590 to 600 dollars per ton based on the CFR purchase term of India. India's next big tender is likely to take place in early September.

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#Urea News
Pupuk Indonesia has completed an auction for the sale of 30,000 tons of urea granules and 6,000 to 12,000 tons of urea peril for shipment in September. Liven Company has won this tender and is going to supply 30,000 tons of granular urea at a price of $557 per ton based on the FOB delivery term.

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#Our Analyses for the Urea market
According to the above news about the urea market, it is expected due to September we will see an increase in demand and in price, similar to previous years.

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The new special offer

Commodity: Urea 46%
Qty: 30/000 Mt
Origin: Oman
Delivery terms: CFR Turkeye
Price: 635 USD
Delivery date: 15 September
Payment terms: 20% advance by B.G and 80% balance on NOR

If you are interested please call us.
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Brent oil price: $102
#crude oil
Crude oil prices have been supported due to the low supply of crude oil and the fact that OPEC member countries have not yet been able to produce according to their quotas. Also, one of the reasons for the increase in the price of crude oil is the decrease in American production and the increase in the price of natural gas, which has led the refining industry to use diesel, and therefore the amount of crude oil in the market and reserves of crude oil and diesel products have been kept to a minimum.
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#Liquid Gas
The low prices of liquefied gas are largely related to the continuous decrease in the price of Nafta. The lowest price of Nafta compared to Brent reached $40 per barrel, but Argus predicts that this amount will increase to $20 per barrel in the medium term.

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#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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📍 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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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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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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Dear colleagues who want to buy urea, please contact us

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