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Latest Market News

Abu Dhabi's Adnoc rolls over August sulphur price

  • Spanish Market: Fertilizers
  • 04/08/26

Abu Dhabi's state-owned Adnoc has rolled over its August sulphur official selling price (OSP) for the Indian subcontinent at $1,000/t fob Ruwais, stable on its July OSP.

Adnoc's August OSP implies a delivered price of $1,140-1,142/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $140-142/t on 30 July.

Shipping costs have increased by $35/t since the July price was set, following the collapse of the US-Iran ceasefire deal, translating to a corresponding increase in delivered prices implied by the fob level. Additional costs such as insurance premiums, on top of higher bunker costs, could elevate delivered price levels further.

By Maria Mosquera

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04/08/26

Kuwait's KPC drops August sulphur price by $85/t

Kuwait's KPC drops August sulphur price by $85/t

London, 4 August (Argus) — Kuwait's state-owned sulphur producer KPC has set the August Kuwait Sulphur Price (KSP) at $865/t fob Kuwait, down by $85/t from the July KSP of $950/t fob. Freight rates as of 30 July were $140-145/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $1,005-1,010/t cfr, although additional insurance premiums are raising prices further on a delivered basis. Additional costs are said to be as much as $200/t for a 30,000-35,000t vessel, accounting for both freight and additional insurance premiums payable for those vessels willing to accept a higher risk of entering the strait of Hormuz, implying a delivered cost as high as $1,065-1,070/t cfr China. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Bangladesh government issues DAP, TSP, MOP tender

03/08/26
03/08/26

Bangladesh government issues DAP, TSP, MOP tender

London, 3 August (Argus) — Bangladesh's ministry of agriculture has issued a private-sector tender to buy DAP, TSP and standard MOP during the July 2026-June 2027 financial year, closing on 18 August. The ministry will buy: 500,000t of DAP 200,000t of TSP 250,000t of standard MOP Private importers can each offer a maximum of 40,000t of DAP, 30,000t of TSP and 30,000t of MOP. Offers are to be given on cfr basis and will include the cost of delivery to warehouses. The private importers are to establish a letter of credit and give the performance bond to the ministry within seven days of receiving the award. They must then ship the cargo within 45 days of the award. Private importers are to store their fertilizer in warehouses at Chittagong, Narawangang, Nogorbari and Nowapara, the ministry said. The quantities sought are the same as under the ministry's tender issued on 24 July last year . Bangladesh typically issues its private-sector tender ahead of the start of the financial year, but financial problems have caused delays in recent years. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Brazil approves new rules for federal gas sales: Update

30/07/26
30/07/26

Brazil approves new rules for federal gas sales: Update

Adds large energy consumers association Abrace's comments. Sao Paulo, 30 July (Argus) — Brazil's national energy council CNPE approved a resolution on 30 July that will allow federally owned natural gas to be sold directly to the liberalized market through auctions, a move the government said could cut gas prices by more than 50pc and boost industrial competitiveness. The measure updates Brazil's policy for marketing state-owned gas and authorizes state-owned commodity trading firm PPSA to hold short-term auctions for 2026-30 and long-term auctions from 2030. The gas will be offered on an economic and competitive basis, with priority given to gas-intensive industries such as chemicals, petrochemicals, fertilizers and steelmaking, the government said. The mines and energy ministry estimates that state-owned gas prices could fall to about $5/mmBtu from around $12/mmBtu currently paid for gas commercialized by state-controlled Petrobras, according to minister Alexandre Silveira. The resolution is part of Brazil's gas-for-jobs program, which aims to increase domestic gas supply and improve competition in Brazil's gas market. The government said studies by state-owned energy research firm Epe indicate that the measure, together with ongoing regulatory actions by hydrocarbons regulator ANP, could generate R95bn ($17bn) in investments and add R79bn to Brazil's GDP. The government also expects the policy to lower gas costs for thermoelectric generation and compressed natural gas transportation. Large energy consumers association Abrace also backed the rules, saying they will create a more competitive environment and provide mechanisms to reduce gas prices for the industry. Abrace also highlighted other advancements made by ANP, such as the wider access to key gas infrastructures , which also help expand Brazil's open gas market. By Rebecca Gompertz Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Brazil approves new rules for federal gas sales

30/07/26
30/07/26

Brazil approves new rules for federal gas sales

Sao Paulo, 30 July (Argus) — Brazil's national energy council CNPE approved a resolution on 30 July that will allow federally owned natural gas to be sold directly to the liberalized market through auctions, a move the government said could cut gas prices by more than 50pc and boost industrial competitiveness. The measure updates Brazil's policy for marketing state-owned gas and authorizes state-owned commodity trading firm PPSA to hold short-term auctions for 2026-30 and long-term auctions from 2030. The gas will be offered on an economic and competitive basis, with priority given to gas-intensive industries such as chemicals, petrochemicals, fertilizers and steelmaking, the government said. The mines and energy ministry estimates that state-owned gas prices could fall to about $5/mmBtu from around $12/mmBtu currently paid for gas commercialized by state-controlled Petrobras, according to minister Alexandre Silveira. The resolution is part of Brazil's gas-for-jobs program, which aims to increase domestic gas supply and improve competition in Brazil's gas market. The government said studies by state-owned energy research firm Epe indicate that the measure, together with ongoing regulatory actions by hydrocarbons regulator ANP, could generate R95bn ($17bn) in investments and add R79bn to Brazil's GDP. The government also expects the policy to lower gas costs for thermoelectric generation and compressed natural gas transportation. By Rebecca Gompertz Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

QatarEnergy rolls price for August sulphur

30/07/26
30/07/26

QatarEnergy rolls price for August sulphur

London, 30 July (Argus) — State-owned QatarEnergy Marketing has kept its August Qatar Sulphur Price (QSP) at $890/t fob Ras Laffan/Mesaieed, unchanged from July. Freight rates as of 30 July range $140-155/t for a 30,000-35,000t shipment to Chinese ports. This implies a higher delivered cost of $1,030-1,045/t cfr for August compared with July, with additional insurance premiums raising prices further on a delivered basis. Vessel traffic through the strait of Hormuz has been muted since the conflict resumed with virtually no sulphur cargoes confirmed exiting since 18 July. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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