Brazil’s P2O5 stocks have increased significantly throughout 2024 after entering the year at 839,442t. This volume was down 8% on 2022 closing stocks of 912,168t. Stocks have increased despite a considerable drop in Brazil’s year-to-date MAP imports. This is because the decline in MAP imports was offset by significant increases in imports of other lower-P205…
A series of spot deals were concluded in a hectic week for the merchant ammonia market, a positive trend underlining the far healthier global supply situation, despite production headaches in Algeria persisting and feedstock price volatility in Europe triggering some uncertainty. Towards the end of a year scarred by lengthy periods of capacity curtailments in…
The urea market lived up to its reputation for turbulence and volatility this week with major price swings evident in North Africa. At the same time, the latest purchasing tender in India reset eastern spot values with Indian Potash Limited (IPL) making light work of securing 1m. tonnes for shipment to end-December. Egyptian granular values…