Granular prices under pressure; India books large volumes in first major tender of the year

With the exception of ammonia, all nitrogen markets remain weak. Global urea prices have continued their downward trend, with granular urea prices falling by greater levels than prills over the last week. Demonstrating this point, while Profercy’s price range for Yuzhny prilled urea fell by an average of $5pt, the low end of Profercy’s range…

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Nitrogen: Prilled urea remains under pressure while granular urea holds

As the urea market heads towards Q2, the week saw little major buying activity. Prilled urea continues to bear the brunt of buyer nervousness. Since 23 January, the high end of Profercy’s price quote for Yuzhnyy prilled urea (fob basis) has fallen by $45pt.  In the East, those holding Chinese prilled product are hoping for…

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Special Report: OCP progresses on new 4m tpa P fertilizer capacity; Rock slurry pipeline poised for service

Morocco: During an industry conference this week in Morocco, OCP has showcased its progress towards adding four new 1 million tpa DAP, MAP, NP/NPK units – and the common infrastructure to support them – at Jorf Lasfar. The photo below shows construction progress to early 2014 on Unit 1, which is due for commissioning in…

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