For the week ending April 22, the average price of diammonium phosphate in the Corn Belt was unchanged at $353 per metric ton over the previous week.
For the week ending April 22, the pet coke index stood at $38.90 per metric ton, unchanged from the previous week. Chinese coal was $80.01 per metric ton.
Natural gas prices for the week ending April 22, 2016, rose to $1.89 per MMBtu (British thermal units in millions) over the previous week’s $1.76 per MMBtu.
In 2013, about 54% of global ammonia was upgraded to urea, according to FERTECON. But urea prices have rebounded from their lows at the beginning of 2016.
In the week ending April 22, 2016, ammonia prices in Tampa CFR (Cost and Freight) continued to move sideways for the 13th straight week.
In the week ending April 22, 2016, the S&P 500 (SPY) fell by 0.1%. But the overall week was positive for fertilizer producers,
The average weekly price of MOP (muriate of potash) in Vancouver has fallen in April 2016.
Phosphate rock prices inched up in the week ended April 15, 2016. Phosphate rock is one of the main input materials required for manufacturing phosphate fertilizers such as DAP and MAP.
US phosphate inventory volumes in April 2016 have remained higher year-over-year. Over the past few years, many producers have added capacity, which has contributed to inventory increases.
The average price for MAP in Brazil for the week ended April 15, 2016, has inched down slightly to $358 per metric ton. This is compared to $359 per metric ton in the previous week.
The average DAP price at US Gulf NOLA for the week ended April 15 fell by 1% to $300 per metric ton ($331 per short ton). This compares to $304 per metric ton ($336 per short ton) in the previous week.
Coal prices, like natural gas prices, have hit a low point due to a low demand and excess supply imbalance. Recently, natural gas prices have ticked up while coal prices are mostly unchanged.
Due to the abundant availability of natural gas, the nitrogen fertilizer industry is fragmented among several producers. Natural gas is the key raw material for the production of nitrogen fertilizers such as ammonia.
The price of urea in the Middle East also remained unchanged at $208 per metric ton in the week ended April 15, compared to the previous week. Year-over-year, urea prices fell by 24% in the Middle East.
In the international market, ammonia at the Black Sea, Ukraine, inched up to $275 per metric ton FOB, a rise of 1.9% from the previous week.
Fertilizer prices constitute the biggest factor impacting the performance of fertilizer companies. In this series, we’ll see how NPK prices and the prices of raw materials changed in the week ended April 8, 2016.
China’s copper imports seem to defy any slowdown fears in the country.
In the past, trade protection has worked wonders for the US steel industry.
One of the major challenges for the global aluminum industry has been the rise in China’s aluminum exports.
Rising Chinese steel exports have spooked global steel markets. China exported 112 million metric tons of steel last year.