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More Egyptian urea sold at $286/t fob for June loading

  • : Fertilizers
  • 24/05/14

Egyptian fertilizer producer Mopco has sold a further 25,000t of granular urea at $286/t fob for loading next month to a European market.

The producer is now targeting $290/t fob.

The deal follows business which emerged at a similar level today, with Mopco selling a total of 20,000t at $286/t fob to two trading firms, while fellow producer Alexfert sold 5,000t of granular urea at $287/t fob for June loading.

Trading firms covering short sales across mainland Europe and Turkey have been driving these latest deals out of Egypt, with purchases taking place earlier in the week in the lower $280s/t fob.


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25/01/30

Study calls for e-fuels bunker subsidies, GHG tax

Study calls for e-fuels bunker subsidies, GHG tax

New York, 30 January (Argus) — E-fuel subsidies and a greenhouse gas (GHG) emissions tax is needed for e-fuels to compete as a bunkering fuel before 2044, said a study by maritime consultancy University Maritime Advisory Services (Umas) and the UCL Energy Institute. The study found that adding a multiplier of the GHG intensity credit given to e-fuels could help to make e-fuel use financially competitive, but it would have to be set at high levels at the start. Using a multiplier of two, where one ship running on zero emissions e-fuel could generate credits to offset three other similar ships operating on conventional fossil fuels, was not able to make e-fuels more competitive before 2041. The multiplier would have to be set initially at 15 in 2030, falling to 10 by 2035, to enable the competitiveness of e-fuels, concludes the study. Additionally, levying a GHG tax or fee of $150-$300/t of CO2-equivalent would also make e-fuels more competitive. A tax of $30-$120/t CO2e is close to the aggregate level of subsidies, and would not create a sustained promotion of e-fuels. Under the current marine fuel standards, a combination of fossil fuels, including LNG, biofuels and carbon capture and storage systems would be most competitive up until 2036. After, blue ammonia dual fuel ships would be the lowest-cost solution until 2044. Ships that were more competitive from 2027-2035 would have at least 25pc higher operating cost from 2040 onwards. Thus, if ship owners order newbuild vessels to maximize short-term competitiveness, the sector is at a "major risk of technology lock-in" and will not be as cost-effective for reaching net zero by 2050. The study models a 2027-build, 14,000 twenty-foot equivalent unit container ship. The vessel sails between Asia and Latin America using different marine fuels such as bio-methanol, e-methanol, LNG, bio-LNG, e-LNG, bio-marine gasoil (MGO), e-MGO and very low-sulphur fuel oil. By Stefka Wechsler Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil biofuels venture to add complex in Alagoas


25/01/28
25/01/28

Brazil biofuels venture to add complex in Alagoas

Sao Paulo, 28 January (Argus) — Brazilian advanced biofuels firm GranBio, biofuels producer Impacto Bioenergia and two sugarcane plant operators will build a biofuels complex in northeastern Alagoas state, the companies said on Monday. The biorefinery project, named Exygen I, will cost an estimated R1.5bn ($253mn) and produce carbon neutral ethanol, biomethane and biofertilizers. It will have production capacity of 160mn l/yr (2,760 b/d) by 2026 and use sugarcane byproducts as feedstock, according to GranBio. Exygen I's estimated biomethane production capacity will be 50mn m³/yr. The complex will produce the renewable gas from vinasse, a by-product of sugarcane processing. Future investments would include increasing Exygen I's storage capacity and biogas distribution. But the initial storage and biogas distribution capacities were not disclosed. The project's next step includes producing biogenic CO2 — made from organic matter decomposition — biofertilizers and e-methanol, used in marine fuels. The project is a joint effort between GranBio, Impacto Bioenergia, Alagoas-based producing unit Caete and sugar and ethanol firm Central Açucareira Santo Antonio. Brazil's fuels of the future law , approved in October, increased incentives for the country's biofuels market. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Offers emerge for India's RCF urea tender: Update


25/01/27
25/01/27

Offers emerge for India's RCF urea tender: Update

Amsterdam, 27 January (Argus) — Prices under Indian fertilizer importer RCF's 23 January tender have emerged, with the lowest urea offers at $422/t cfr west coast and $427/t cfr east coast. Trading firm Indagro offered the lowest for both coasts. There was a comparatively tight spread, with four other offers in the $420s/t cfr west coast. The lowest offers net to around $410/t fob Middle East, $370/t fob Baltic, and the high $400s-410/t fob southeast Asia to the east coast. There were 21 offers, with 1.37mn t to the east coast and 1.29mn t to the west coast, for a total of 2.66mn t ( see below ). RCF requested that the cargoes be loaded by 5 March and that offers are to be valid until 31 January. The importer is seeking 1mn t of urea for the west coast and 500,000t for the east coast. By Harry Minihan RCF's 23 January urea tender in India Supplier East coast tonnage ('t) Price ($/t cfr) West coast tonnage ('t) Price ($/t cfr) Indagro 45,000 427 45,000 422 Ameropa 99,550 437 52,400 422.50 Sun International 50,000 428 50,000 424 Hexagon 50,000 429.19 50,000 427.19 Midgulf 100,000 434 100,000 429 Quest 50,000 430 Aditya Birla 150,000 443 150,000 434 Fertistream 47,500 440 47,500 435 Keytrade 45,000 440 45,000 435 Koch 95,000 445 95,000 435 Dreymoor 80,000 449 80,000 439 Agricommodities/ETG 100,000 452.40 100,000 442.50 Fertiglobe Distribution 90,000 452 90,000 445 Macrosource 45,000 451 45,000 446 Continental 50,000 433 50,000 447 OQ 45,000 429 100,000 449 Samsung 90,000 436.20 90,000 450.20 Fertiglobe Fertilizer Trading 45,000 458 Liven 47,500 437 Indorama 46,000 435 IMR Metallurgical Resources 50,000 Rejected 50,000 Rejected Market sources Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

China’s 2024 SOP exports hit five-year low: Correction


25/01/27
25/01/27

China’s 2024 SOP exports hit five-year low: Correction

Corrects export volume to Peru in paragraph 2 Singapore, 27 January (Argus) — The halt in customs inspections for SOP exports led to a sharp fall in China's shipments in 2024 as export volumes fell to a five-year low. China's SOP exports in 2024 fell by 84pc on the year to just 16,700t, the lowest since 2018, which recorded 8,700t of exports, GTT data show. About 75pc of total 2024 exports took place in the second half of the year, as buyers sought to shift more product in 9.5kg bags. But this type of packaging was not favoured by buyers from Latin American markets which typically buy for bulk blending, as they needed to pay for additional labour costs to remove these bags. As a result, shipments to Peru and Mexico plunged to 3,800t and 2,600t from 8,600t and 40,500t, respectively. South Africa replaced Mexico as the top export destination in 2024, but shipments to South Africa nearly halved on the year to 4,600t. Chinese SOP exports saw significant growth in 2019-20, supported by strong demand from Latin American and south Asian markets. But export volumes took a downturn from 2021 onwards as suppliers were urged to prioritise supplies for the domestic market and keep domestic prices stable. China mainly exports SOP that is produced by the Mannheim process, which uses MOP as a raw material. China depends heavily on MOP imports based on an annual contract price with global major producers as well as a monthly cross-border contract price with Russian producer Uralkali, as its domestic MOP production is not enough to meet the country's needs. Most Chinese suppliers halted export offers for SOP in 9.5kg bags in January, after a change in the customs clearance definition for small-volume exports was implemented from 1 January 2025, making it difficult for suppliers to ship 9.5kg bags in jumbo bags via break bulk vessels. This could further limit China's SOP export availability this year. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

ACBL issues upper Mississippi River reopening plan


25/01/24
25/01/24

ACBL issues upper Mississippi River reopening plan

Houston, 24 January (Argus) — Major barge carrier American Commercial Barge Line (ACBL) has issued its tentative reopening plan for the upper Mississippi River, with release dates as soon as 1 February. Depending on operating conditions, ACBL will begin releasing barges at Mobile, Alabama; Houston, Texas; and Lake Charles, Louisiana, on 1 February for barges destined above St Louis, Missouri, but below Dubuque, Iowa. The barges destined between Dubuque and St Paul, Minnesota, will begin travel as soon as on 11 February at the same locations. Release dates are based on ACBL's anticipated lock reopenings by the US Army Corps of Engineers (Corps). Lock 25, upriver of St Louis, Missouri, is scheduled to reopen on 28 February, ACBL said. The main chambers for neighboring locks 27 and Mel Price will still be closed, although the auxiliary locks will be open, according to the Corps. Upper Mississippi Locks 20,18 and 16, between Quincy, Illinois and Davenport, Iowa are expected to reopen 4 March, the Corps said. But these dates remain tentative since freezing conditions may still hamper transit. The Corps typically reopens locks around mid-March depending on ice thickness across multiple locations. By Meghan Yoyotte ACBL's tentative upper Miss. reopening schedule Origin Port Barges destined above St L. to Dubuque, IA Barges destined above Dubuque to St Paul, MN Mobile, AL 1 Feb 11 Feb Houston, TX 1 Feb 11 Feb Lake Charles, LA 1 Feb 11 Feb New Iberia, LA 4 Feb 14 Feb New Orleans, LA 11 Feb 21 Feb Memphis, TN 18 Feb 28 Feb Little Rock, AR 11 Feb 21 Feb Blytheville, AR 19 Feb 1 Mar Pittsburgh, PA 12 Feb 22 Feb Cincinnati, OH 16 Feb 26 Feb Jeffersonville, OH 18 Feb 28 Feb Louisville, KY 18 Feb 28 Feb Evansville, MS 20 Feb 1 Mar Chicago-Joliet, IL 25 Mar 25 Mar Morris, IL-South 20 Feb 1 Mar Nashville, TN 20 Feb 1 Mar Decatur, AL 16 Feb 26 Feb Chattanooga, TN 12 Feb 22 Feb Cairo, IL 28 Feb 9 Mar St. Louis, MO 1 Mar 11 Mar ― ACBL Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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