Abu Dhabi's Adnoc raises Sep sulphur price by $23/t
Abu Dhabi's state-owned Adnoc set its September official sulphur selling price for the Indian subcontinent at $130/t fob Ruwais, up by a substantial $23/t on its August OSP.
Adnoc's September OSP implies a delivered price of $153-154/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $23-24/t on 29 August.
Fellow regional sulphur marketer Muntajat/Qatar Energy on 29 August announced its September sulphur price at a slightly lower level at $125/t fob, up by $19/t on July's OSP.
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One company offers into 15-15-15 tender by India's Fact
One company offers into 15-15-15 tender by India's Fact
London, 6 September (Argus) — Indian fertilizer importer Fact has received offers of two 25,000t cargoes from a trading firm against its most recent tender to buy 15-15-15. But price offers have yet to be opened. The tender — which was a reissue — closed on 5 September . Fact sought two 18,000-25,000t lots of 15-15-15 — inclusive of quantity tolerances — and arrival at discharge ports on or before 10 November. It requested delivery of one cargo to Kakinada and the other to Tuticorin, both on India's east coast. Fact received no offers against its initial 15-15-15 tender , which closed on 9 August. By David Maher Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Libya's NOC issues sulphur sales tender
Libya's NOC issues sulphur sales tender
London, 5 September (Argus) — Libyan state-owned sulphur producer NOC issued a spot tender offering an 8,000t +/- 10pc granular sulphur cargo for September lifting. The tender is for tonnes loading at Mellitah port on 22-24 September, closing on Monday 9 September at 12:00 local time (10:00 GMT), with bids to remain valid until 10 September. Libyan sulphur is often delivered to end-users in Egypt, given the proximity of the two countries and consequent freight advantage. That said, Egyptian consumers have been comfortable with stock levels in recent weeks with supply sourced primarily from Russia at a lower price compared with Libyan tonnes and Mediterranean sulphur. By Jasmine Antunes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
NFL urea tender acceptances total 1.17mn t: Update
NFL urea tender acceptances total 1.17mn t: Update
Adds table and breakdown of tender acceptances Amsterdam, 4 September (Argus) — Indian fertilizer importer NFL is in line to buy up to 1.17mn t of urea under its 29 August tender. For the east coast, 10 firms appear to have agreed to supply just over 730,000t of urea, while two suppliers have committed to delivering 440,000t to the west coast. Suppliers had until 16:00 IST (11:30 BST) today to accept NFL's counter of $340/t cfr west coast and $349.88/t cfr east coast. Ameropa submitted the initial lowest offer of $349.88/t cfr and is set to ship the most to the east coast, at just over 136,000t. Aditya Birla and Sun International have accepted 100,000t and 95,000t, respectively. The full breakdown of acceptances is listed in the table below. Meanwhile, Fertistream has accepted 40,000t of urea for the west coast, and OQ will ship 400,000t to the west coast after it submitted the lowest offer at $340/t cfr. The prices are set to weigh most heavily on Russian fob prices, with east-of-Suez origins less affected. Netbacks from India broadly reflect urea in the mid-$280s to $290/t fob Baltic spanning both coasts, marking a sharp drop from prices for prilled urea at $295-310/t fob last week. Prices out of the Middle East equate to $323-330/t fob for both coasts, a slight softening from last week's price of $325-335/t fob. Potential southeast Asian netbacks would be around $325/t fob to the east coast, if accepted, down from the granular urea assessment of $330-335/t fob last week. By Harry Minihan NFL 29 August urea tender acceptances t Supplier East coast West coast Total Sun International 95,000 95,000 Midgulf International 45,000 45,000 Agricommodities (ETG) 49,500 49,500 RE Energy Fertistream 80,000 40,000 120,000 Dreymoor Ameropa Asia 136,300 136,300 Indagro Continental Samsung 45,000 45,000 Aditya Birla 100,000 100,000 PIC Hexagon OQ Trading 400,000 400,000 Coastal Chemical 90,000 90,000 Koch Keytrade Macrosource Medallion Alkagesta Agrifields 40,000 40,000 Sabic 50,000 50,000 Total 730,800 440,000 1,170,800 Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
China’s Zangge plans end-2024 start on Laos MOP plant
China’s Zangge plans end-2024 start on Laos MOP plant
Singapore, 4 September (Argus) — Chinese MOP producer Zangge expects to start construction of its 2mn t/yr plant in Laos by the end of this year. The first 1mn t/yr phase is expected to be completed by the end of 2026, followed by exports in early 2027. The second phase of similar capacity is likely to start construction in 2027 and be completed in the second half of 2028. Zangge will become the third Chinese-backed potash producer in Laos after Lao Kaiyuan and Asia Potash. Zangge will also produce 60pc white powder/crystal MOP and red granular MOP, targeting markets in China and southeast Asia. Its mining area is situated in the Xaythany and Paknguem counties in Vientiane, Laos with a total mining area of nearly 400km². By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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