Phosphate sellers seek price increases

In December, North African suppliers are expected to raise their bids to US$590 or higher. In November, Morocco's OCP ordered 30,000 to 40,000 tons of diammonium from Tunisia at a low price of US$570. It has not yet been sold. Last week, FOB ammonium phosphate prices in the two major fertilizer trading sites in the Baltic and Black Seas reached 575-590 U.S. dollars, and the European Union's latest monoammonium and diammonium traded at this price level and shipped to Europe in small quantities. European Chemicals also sold 15,000 tons of diammonium to the United States, FOB price of 575 US dollars; 15,000 tons of diammonium was sold to Canada, and the CIF price was 627 US dollars. The manufacturer will also ship 3,000 tons of diammonium to Cameroon at a FOB price of US$585. In respect of ammonium, European Chemicals has 25,000 to 30,000 tons sold to Latin America and US$575 to shore; 10,000 tons to the United States and 585 to FOB. The FOB price for small batches in Europe is US$590. There are 25,000 tons of diammonium exported to Latin America at a FOB price of USD 577.
The American Phosphorus Association sold 70,000 tons of diammonium at the FOB price of 592 US dollars in Tampa Port and shipped to Mexico in December. The FOB of OCP in November was US$602 for Brazil, FOTA US$560 for Tampa Port, US$615-$620 for Uruguay and Argentina, and US$560 for FONT Tampa. The United States Phosphorus Association’s January FOB intent for January is $600. In September, the United States exported 387,000 tons of diammonium, including 316,000 tons in India, 22,000 tons in Japan, and 12,000 tons in Mexico. In the United States, the price of diammonium barges remained at US$560 per short ton in the first quarter, and US$570 was offered at the USS Nora Port, but sales were very low. The price of the Florida coast remains at $550 per short ton. The inventory price of Amino Nora in stock is 630-635 U.S. dollars and diammonium is 605-610 U.S. dollars. It is worth noting that CF's diammonium futures price in the first quarter of next year is US$545 per short ton. This year, the monthly average ammonium phosphate consumption in the United States increased to 480,000 tons, which was 391,000 tons in 2008 and 2009 respectively, and 407,000 tons in 2007.
In Asia's demand market, India's 2011-2012 negotiations on import contracts for diammonium may advance to the beginning of the New Year. It is estimated that there will be results on March 13. In India, diammonium manufacturers converted compound fertilizers, which led to a 16% increase in output of compound fertilizer from April to October 2010 and a 45% year-on-year increase in sales; while sales of diammonium increased by 8% year-on-year, but output decreased by 27%. Bangladesh BADC has ordered two shipments of 25,000 tons of diammonium from Tunisian GCT for shipment in November. The goods are undoubtedly scheduled according to the formula. GCT will also ship heavy calcium to BADC in November. Pakistani diammonium importer quoted at $590 was not able to attract buyers' interest. It is estimated that it will not enter the market before. If China's diammonium is no longer exported, there will be a shortage in the Vietnamese market. At present, the importer's CIF bid price is 610 US dollars, but there is no supply. Last week, IPC sold 30,000 tons of potassium chloride to Vietnam. Thailand's diammonium importers are less dependent on Vietnam for China's diammonium, and tend to import diammonium from December to January of this year from North Africa and the United States.
OCP will ship 30,000 tons of diammonium and 20,000 tons of monoammonium to Brazil in November. The CIF price will be US$602 and the FOB price will be US$577.

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