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International urea price: affected by the economy, COVID-19, conflict and other factors, the natural gas price in Europe is running at a high level, and the urea production cost is rising sharply. Moreover, due to the energy price and supply problems, there is a risk of shutdown when the plant starts.
Last week, there was an increase in several regions, among which the CIF India price increased by usd110.00-113.00 / ton to usd630.01 / ton, equivalent to RMB 760 yuan.
There are several demand points in central and South America, especially Argentina, Peru and Mexico, but as suppliers have chased buyers, there are a few granular urea transactions in India, and the next major bidding seems to take only two weeks.
In Europe, Baltic buyers pay about $100 per ton more than Black Sea buyers. Similarly, in the Black Sea region, there is a price difference of nearly $150 / T between the price achieved by some Turkmenistan suppliers in Turkey and the price proposed by the buyer for urea from Azerbaijan and Uzbekistan to enter other markets.
Recent FOB price of Urea Export in international mainstream regions:
The FOB price of small particles in bulk in China is $485.01-$500.01 / ton, up by $15.00 / ton;
The FOB of small particle of black sea is $490.01-$530.01 / t, which is the same as last week;
The FOB of small particle in the Baltic Sea is $500.01-503.01 / t, up by $3.00-$10.00/t;
The FOB of small particle ports in the Middle East was $590.01-$600.01/ton, unchanged from last week;
The CIF India price is $630.01/t, up by $110.00-113.00/t;
Iran's large particle port offshore $480.01-500.01 US / t, high-end up $16.00 / ton;
All large grain ports in North Africa are $680.01-765.01/t offshore, up by $70.00/t;
Nigeria's large grain port is $606.01-680.01/t offshore, and the high-end is increased by $4.00/t;
The FOB of Egypt (non European) large particle port is $680.01-$690.01/t, up by $70/t;
The CFR price of large particle ports in Southeast Asia is $580.01-$610.01/t, up by $5.00-10.00/t;
China's large grain port offshore price is $500.01-$510.01, up $25.00-30.00/t.
The driving factor of market upward adjustment is mainly "European energy crisis" !
The price of electricity has risen to a new high due to the energy shortage in Europe, and there is no sign of falling. Benchmark electricity prices in Germany, France and other European countries once rose to a new high. At present, Europe is in a high-temperature period, and power consumption is increasing, and the problem of energy shortage is more prominent. According to media reports, the current European natural gas price is still at a historical high, and the large-scale fertilizer plants in Europe are facing the risk of further shutdown. This will continue to support the rise of urea prices in Europe. If there is no sign of relief in the natural gas market in the later period, the price is likely to rise again.