Brazil, Bolivia sign fertilizer agreement
Brazil and Bolivia signed a cooperation agreement on 9 July to trade fertilizers and sodium chloride (NaCl).
The agreement came after Brazilian president Luiz Inacio da Silva visited Bolivia earlier this week. The deal was struck by Brazil's agriculture and livestock ministry and Bolivia's hydrocarbons and energy ministry.
The deal not only sets rules for fertilizer and NaCl sales between the countries but also intends to promote energy integration between the neighbors.
According to the deal, the parties will communicate with each other its own availability of urea, NPK, potash, slow-release urea and NaCl between each other according to needs; evaluate how to execute sale contracts; identify potential clients and possible destinations of fertilizers and NaCL; and cooperate on marketing strategies.
The agreement will run for five years and may be extended for the same period.
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Canpotex, Coromandel settle new Indian MOP contract
Canpotex, Coromandel settle new Indian MOP contract
London, 17 July (Argus) — Canadian potash distributor Canpotex and Indian fertilizer importer Coromandel International (CIL) have settled a new Indian standard MOP contract price at $283/t cfr with 180 days of credit for deliveries until 31 December 2024. Volumes are undisclosed but CIL imported around 416,000t of MOP during the 2023-24 fertilizer year, according to Argus data. Imports under the new contract will likely be around this figure. The contract price is $4/t higher than the contract price signed last week by India's IPL at $279/t cfr with 180 days' credit and $36/t below last year's headline price of $319/t cfr with 180 days' credit. Canpotex and CIL's contract price is also $10/t higher than the contract price settled in China last week at $273/t cfr between Russia's Uralkali and the Chinese buying consortium. This latest contract price is broadly in line with standard MOP prices in southeast Asia, which Argus currently assesses at $275-305/t cfr. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Japanese firms start truck-to-ship ammonia bunkering
Japanese firms start truck-to-ship ammonia bunkering
Osaka, 17 July (Argus) — A Japanese cross-industry group has started trial supplies of fuel ammonia to a tugboat from a tanker truck, ahead of an official commissioning scheduled for late August. The group comprises shipping firm NYK Line and its subsidiary Shin-Nippon Kaiyosha, power producer Jera and ammonia producer Resonac. The companies have jointly studied the possible setting up ammonia bunkering for tugboats since December 2023. Jera supplied the marine ammonia to NYK on 17 July to fuel the NYK-owned tugboat A-Tug at Yokohama port. The ammonia was transported by a tanker truck and fuelled by truck-to-ship operations, which the group said is the world's first attempt. A-Tug is expected to begin normal operations in late August, behind an initial target of June because of technical delays. Jera after the commissioning will supply the marine ammonia to Shin-Nippon Kaiyosha, which will be in charge of operating the tugboat at Yokoyama and Kawasaki ports in Tokyo bay. Jera is buying from Resonac an unspecified volume of low-carbon ammonia, which is partly derived from waste plastics. Ammonia consumption of the tugboat was undisclosed. But bunkering is scheduled to be done twice a month by an 8-10t tanker truck, Jera said. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
More Egyptian urea production offline: Update
More Egyptian urea production offline: Update
Adds Abu Qir's plant closure Amsterdam, 16 July (Argus) — Egyptian fertilizer firms Kima and Helwan stopped granular urea production today, citing gas shortages, while Abu Qir has halted prilled urea output. Kima's 570,000 t/yr and Helwan's 650,000 t/yr granular urea plants are both offline, having operated at 80pc of capacity since 2 July. Abu Qir's 578,000 t/yr prilled urea plant has also gone off line. It is unclear when the plants will restart, the producers said. Kima's plant is in Aswan and Helwan's is in El-Tebbin-Helwan, while Abu Qir's facility is outside of the port of the same name. Most of the country's remaining urea plants are still operating at 80pc. Mopco is running only two of its three granular urea plants at 80pc, while EFC's production status has yet to be confirmed. A gas supply crunch in Egypt has hampered urea production since 20 May, as the country prioritised gas deliveries to power plants to meet summer cooling demand. But LNG imports eased the balance at the beginning of July. Egypt fixed at least 17 LNG cargoes in a 25 June tender — seven for July, six for August and four for September. The country is seeking to bolster LNG import capacity as gas production falls and domestic demand rises. Urea export offers have yet to emerge as all producers are assessing the market and the majority are likely to initially focus on delivering previously committed volumes for export and to meet local demand. But Argus understands that some traders were offered Egyptian granular urea at $380-390/t fob for loading in late July and early August. No deal has emerged yet. By Dana Hjeij and Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Egypt’s Kima and Helwan stop urea production
Egypt’s Kima and Helwan stop urea production
Amsterdam, 16 July (Argus) — Egyptian fertilizer producers Kima and Helwan stopped urea production today, citing gas cutbacks. Kima's 570,000 t/yr and Helwan's 650,000 t/yr granular urea plants have both gone off line, having operated at 80pc of their respective capacities since 2 July. It is unclear when the plants will return to operation, Egyptian producers said. Kima's plant is located in Aswan, and Helwan's in El-Tebbin-Helwan. Most of the country's remaining urea plants are still operating at 80pc. Mopco is running only two of its three granular urea plants at 80pc of full capacity, while EFC's production status has yet to be confirmed. A gas supply crunch in Egypt has hampered urea production since 20 May, as the country prioritised gas to power plants to meet summer cooling demand. But LNG imports eased the gas market balance at the beginning of July. Egypt fixed at least 17 LNG cargoes in a 25 June tender — seven for July, six for August and four for September. The country is seeking to bolster LNG import capacity as gas production falls and domestic demand rises. Urea export offers have yet to emerge as all producers are assessing the market and the majority are likely to initially focus on delivering previously committed volumes for export and to meet local demand. But Argus has heard that some traders were offered Egyptian granular urea at $380-390/t fob for loading in late July and early August. No deal has yet emerged. By Dana Hjeij Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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