Global potash fertilizer loading busy in the second quarter
The global shipment of potash fertilizer was busy in the second quarter. BPC stated that it has reached new deals with Vietnam, Malaysia, Indonesia and Bangladesh, and signed a 50,000-ton contract with Brazil. The CIF imports to Brazil's large and small customers have returned to US$560 and US$550, respectively, and the standard specification potassium chloride Cpa for the South East Asian market has not yet recovered to US$535, but this price will certainly increase in the future, and the current supplier’s The intentional price is 510-525 US dollars, but even if the establishment of this price is a certain degree of difficulty. Another important news last week was that the Indian Farmers’ Fertilizer Association decided not to participate in the International Fertilizer Industry Association meeting. They intended to show that they were not in a hurry to negotiate with the potash suppliers or to pressure the suppliers. The latest report shows that the current increase in corn supply has caused the price of corn to decline, but the market for soybeans is the opposite.
The Indian cabinet announced that statistics from the Ministry of Chemicals and Fertilizers showed that the total demand for fertilizers in India is showing an increasing trend, which is expected to increase by 4% from 2012 to 2013, from 61.69 million tons last year to 61.27 million tons. Retail prices are also expected to remain stable. The demand for urea in India will reach 32 million tons, the demand for diammonium will reach 13.24 million tons, the demand for potash fertilizer will be 4.69 million tons, and the demand for compound fertilizer will be 11.25 million tons. In 2011, the demand for urea in India was 30.51 million tons, the demand for diammonium was 12.61 million tons, the demand for potash fertilizer was 4.82 million tons, and the demand for compound fertilizer was 10.73 million tons. According to Indian media, the Farmers Fertilizer Association is still trying to obtain some shares in Belaruskali, a Russian potash producer, and India Potash Corp is also seeking to obtain long-term supply of potash from the White Potash Company. In addition, the Indian government also hopes to help its own company to purchase a 10% stake in Canadian Potash Corp. At present, IPL and Gujarat, the major potash fertilizer importing companies in India, are negotiating with Canada's two potash companies Allana and Karnalyte respectively on the purchase of shares.
The price of large-particle potassium chloride in the United States market is still FOB price of 540 US dollars in New Orleans, but the end market price has dropped from 579 to 584 US dollars to 573 to 578 US dollars, farmers continue to purchase. In Southeast Asia, BPC reached 25,000 tons of standard potassium chloride with Indonesia and Malaysia at current prices. Although the palm oil price has slightly decreased, growers still have higher profits and support the price of potash fertilizer. BPC also reached 25,000 tons of May orders with Vietnam last week.
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