Petrokimia Gresik's tender to buy MOP awarded

: Fertilizers
18/10/24

Indonesian fertilizer importer and producer Petrokimia Gresik has awarded various suppliers it its latest tender to buy MOP.

A price of $315/t cfr was agreed, according to market participants that was unconfirmed, which further highlights the firm potash market in Asia. Direct confirmation from the buyer was not immediately available.

Petrokimia Gresik requested an unspecified quantity of standard MOP for delivery between November and April, possibly totalling around 400,000t.

The firm's previous tender in the first quarter closed at around $280/t cfr.

Petrokimia Gresik tenders are significant because of the scale of its purchases. Indonesia is one of the world's largest MOP importers and traditionally among the most competitive markets in terms of prices.

Indonesia last year imported 3.3mn t of MOP, a 26pc year-on-year rise, according to GTIS data.

International suppliers to Indonesia include Canadian marketer Canpotex, Russian producer Uralkali and Belarusian seller BPC.

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US-Belarus potash trade may soften MOP pricing outlook

25/12/15

US-Belarus potash trade may soften MOP pricing outlook

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Without access to the US and EU markets, Belarus has leaned heavily on markets such as Brazil, China and southeast Asia, often pricing aggressively to maintain market share. The reopening of US trade offers a chance to reduce dependence on these regions. The lifting of the sanctions will also make it significantly easier for companies to trade Belarusian potash around the world, except in the EU and the UK, where sanctions remain on Belarus. Importers that had previously stopped taking Belarusian MOP may now be open to trading with Belarus again. By having an additional supply option, buyers may find they have a stronger negotiating position with existing suppliers, which could put downward pressure on prices. Conversely, markets where Belarus has a strong presence could see a reduction of Belarusian volumes if product shifts toward the US, potentially making those regions less competitive. The policy change also comes at a time when Belarusian MOP capacity is increasing capacity, with the 2mn t/yr Nezhinsky MOP project scheduled for commissioning in the second quarter of 2026, and underscores Belarus' commitment to continue growing its footprint in the global potash market. By Julia Campbell and Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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