#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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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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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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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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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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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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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.
..W.P.O (weekly petro 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.
..W.P.O (weekly petro offer)
#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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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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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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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
652.9 KB
Weekly Available Products List
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