Warning. In the regions of Ukraine, calcium saltpetre was released as usual

Our news, Overview of the market for mineral fertilizers

Commodity online exchange Kyiv Mercantile Exchange – KME: the results of the (February 11-20) in the markets of mineral fertilisers of Ukraine and the world.

Overview of news in the world fertiliser market. Main events of the week:
  • In the urea market, price reduction has become a global trend
  • Urea on the Black Sea has reached a price record over the past 12 months
  • The decline in phosphate fertilizer prices is slow but constant

Prices for Russian urea in the Baltic decreased to 235 USD / T, FOB. On the Black Sea still holds at a level of 237-240 USD / T, but the number of buyers does not increase.

Urea producers in the world market have a surplus product and are forced to give traders a price. So far nobody builds long positions, it shows the market’s instability. There is a spot market and  expectations of lower prices in spring.

There are high prices for urea in the Mediterranean countries, from where recently it was supplied to Ukraine.

In the Middle East prices dropped by 15 USD / T, there is currently a slight increase in trade.

A batch of 15 thousand tons of urea from Iran is sent to Ukraine.

Russia will start the market for ammonium saltpetre thoroughly. The export offer has shrunk to 1-2 lots by 15-20 thousand tons. The market for ammonium sulphate remains in a stable situation.

Indian buyers were more interested in diammonium phosphate. Trade was much better at new prices – 402-404 USD / ton.  At present, the price cut has stopped. But this is a temporary phenomenon because there is a slight surplus on the world market.

Overview of the news in the Ukrainian fertiliser market. Main events of the week:
  • The launch of OPZ is scheduled for February 25, 2019
  • Rivne Azot launches its own production capacity
  • Saltpetre consumption has increased rapidly
  • The first introduction of fertilizers has already started in separate regions

Odessa port plant can boast of the realisation of more than 20 thousand tons of urea in the domestic market. The plant starts from February 25th. Currently, it is known that at least 20 thousand tons of goods can be sold for export because the domestic market buys slowly.

It is known that the product will be sold “Energy Equivalent” and sales department of IPF. The price is 11300 UAH / t, the plant, in bags of 800 kg.

RivneAzot launches ammonia on gas, due to the purchase of ammonia, the plant can operate at 100% capacity for nitrate and limestone nitrate. The plant is currently preparing to launch and sells of the company rise on a daily basis.

In Ukraine, consumption of saltpetre rose sharply – farmers have bought it out. It is known that in the south they already began to put fertilizer. Prices remain stable – 11400-11500 UAH / t, CPT-station supplier. At the factories, the product can be bought for 11200 UAH / t, beige.

Analytics of the Info Industry don’t expect an increase in the cost of Ukrainian saltpetre. However, there is still a lot of imported goods, but it is no longer concentrated in large lots. Traders transported small batches of products in the regions and they already offer it from warehouses.

Imported saltpetre is offered for 10500-10800 UAH / t, port Kherson / Mykolaiv. The biggest offer is Georgian goods.

Traders also actively sell calcium nitrate from ports. In some cases, in some regions, some people managed to issue calcine saltpetre for usual, because its price is 7800-7900 UAH / t, the port and the warehouse – 26.7% nitrogen (usual saltpetre – 34.4%).

Agrarians need to look at the suppliers of the goods and not run for a cheap product because it depends on the harvest.

The market for integrated fertilizers just begins to increase its activity, waiting for NPK 15:15:15 from Sumykhimprom at a price much lower than the imported nitroammophos.

Note that the review is made on the basis of data from the tenders and applications for the purchase and sale of the commodity online exchange KME and data analytical group Info Industry.

For reference: Kyiv Mercantile Exchange – the newest Ukrainian online exchange. Realises the world standards of stock trading in the Ukrainian markets of agricultural, chemical and petroleum products. In 2018, the total turnover of trades on Kyiv Mercantile Exchange exceeded UAH 2.6 billion.

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