U.S. Gulf: Some sources said the market was very quiet last week, though there was enough business to reflect softer prices. Granular barges were put in the $278-$284/st FOB range.
While prompt prills continued to be called $300-$308/st FOB, sources agreed that a good bit of product is due into NOLA in September, with those price ideas in the $275-$285/st FOB range.
Eastern Cornbelt: Granular urea remained at $335-$355/st FOB regional terminals in the Eastern Cornbelt, depending on location, with the low reported in the Cincinnati, Ohio, market and at other river locations in the region.
Western Cornbelt: The granular urea market remained at $335-$345/st FOB in the Western Cornbelt for available tons, depending on location.
California: Granular urea was steady at $370-$380/st FOB port terminals in California.
Pacific Northwest: Granular urea was steady at $355-$365/st FOB port terminals in the Pacific Northwest, with railed tons quoted in the upper-$300s/st DEL for the last business in the region.
Western Canada: The granular urea market was quoted at $500-$510/mt DEL in Western Canada, with the low end of the range up slightly from last report.
Pakistan: The Trading Corp. of Pakistan (TCP) closed three tenders of 50,000 mt each last week. Prices showed an increase compared to the India tender of last month, but then started to slide with each successive tender.
The first two tenders that closed Aug. 17 and 18 were awarded to Ameropa at $294.71/mt CFR and $293.96/mt CFR. Dreymoor then stopped the Ameropa hat-trick with a low offer of $291.89/mt CFR.
The prices reflect a netback to China in the low- to mid-$270s/mt FOB for prilled urea.
The tally for the three tenders follows:
|
TCP TENDER FOR 50,000 MT UREA OPENED ON 17.08.2015 |
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|
Offering Company |
Quantity (MT) |
US$/mt CFR |
Origin |
|
|
Ameropa |
50,000 |
294.71 |
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