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India buys 145,000t of DAP at $775-781.50/t cfr

  • : Fertilizers
  • 25/06/18

Three Indian importers have bought a combined 145,000t of DAP at prices in a range of $775-781.50/t cfr.

NFL bought 45,000t of DAP from a trading firm at $781.50/t cfr in its tender that closed on 13 June. The tender had sought black, brown or neutral-coloured DAP for shipment from the loading port by 30 June from memorandum of understanding (MOU) suppliers. The origin of the cargo sold is not yet confirmed.

Two fellow Indian importers have each bought 50,000t of DAP at $775/t cfr for shipment in July from Saudi Arabian producer Ma'aden.

The price for the Saudi Arabian DAP is in line with sales totalling 110,000t of DAP at $774.93-775/t cfr earlier this week. It would net back to the low-mid $760s/t fob.

By Tom Hampson

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25/07/08

Jordan’s JPMC sells DAP in $810s/t fob

Jordan’s JPMC sells DAP in $810s/t fob

London, 8 July (Argus) — Jordanian producer JPMC has sold a 45,000-50,000t DAP cargo to a trading firm in the $810s/t fob Aqaba. The cargo will load in late July and will probably be shipped to India. The price is $814/t fob, market sources said, netting forward to the high $820s/t cfr west coast India. JPMC did not confirm the quantity or shipment time and did not give an exact price, but said the price is higher than $814/t fob. No confirmation was forthcoming from the buyer. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU proposes support package for chemicals sector

25/07/08
25/07/08

EU proposes support package for chemicals sector

Brussels, 8 July (Argus) — The European Commission today proposed a package of measures to support the EU chemicals sector, aiming to address high energy costs, global competition and weak demand. The plan includes extending emissions trading system (ETS) compensation to more producers and simplifying fertilizer registration rules. The commission said the simplification measures could save the sector €363mn/yr. The proposals are part of a broader action plan to boost competitiveness and secure supply chains. A new Critical Chemicals Alliance will identify key production sites in need of policy support, including on trade issues such as supply chain dependencies and market distortions. The commission also pledged to apply trade defence measures more quickly and expand chemical import monitoring under an existing surveillance task force. While the commission stopped short of proposing a Critical Chemicals Act — which would legally define specific chemicals for support — it named steam crackers, ammonia, chlorine and methanol as "essential" to the EU economy. The alliance will aim to align investment and co-ordinate support, including through the bloc's Important Projects of Common European Interest (IPCEI) programme. The commission also decided on new rules legally defining low-carbon hydrogen today and said it plans to allow more state aid for electricity-intensive chemical producers by the end of the year. It also encouraged the use of carbon capture, biomass, waste and renewables. EU industry commissioner Stephane Sejourne said the action plan uses "all levers" to put the chemicals sector back on a growth track, with measures to retain steam crackers and other key chemical assets in Europe. He also highlighted efforts to secure domestic demand for "clean and made-in-Europe chemicals". The commission will align fertilizer registration rules with the EU's REACH chemicals framework, applying standard REACH provisions and streamlining the assessment of micro-organisms used in fertilizers. Officials said the changes will maintain safety and agro-economic efficiency standards while allowing a broader range of micro-organisms. For ETS indirect cost compensation, the commission plans to expand the list of eligible chemicals — including organic chemicals and fertilizers — but must first update existing state aid guidelines, a senior EU official said. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US to lay out tariff demands in coming days: Trump

25/07/04
25/07/04

US to lay out tariff demands in coming days: Trump

London, 4 July (Argus) — The US will lay out its tariff demands on foreign trade partners in the coming days, President Donald Trump said today. From tomorrow, 5 July, Trump will send letters to 10-12 countries a day, with the aim that all countries will be "fully covered" by 9 July, Trump said. That rate will not cover the amount of tariff deals still to be done by the US, which to date has struck three deals — of 10pc with the UK and China and of 20pc with Vietnam. "[The tariffs will] range in value from maybe 60pc or 70pc tariffs to 10pc and 20pc tariffs," Trump said. Countries will start paying them on 1 August, he said. Since 5 April Washington has been charging a 10pc extra tariff on imports — energy commodities and critical minerals are exceptions — from nearly every foreign trade partner, and those rates could go higher after 9 July. Trump has justified those tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries, and his administration is engaged in talks with foreign governments with the nominal goal of lowering their trade barriers. By Haik Gugarats and Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Laos halts approvals for potash mines in Vientiane

25/07/04
25/07/04

Laos halts approvals for potash mines in Vientiane

Singapore, 4 July (Argus) — The Lao government has halted all surveys, exploration and implementation of potash projects in capital Vientiane, according to a notice issued on 1 July by the Standing Committee of the National Assembly of Laos. The government will also evaluate and inspect projects that have already been implemented. Currently, at least two China-invested projects — by producers Zangge and Yuntianhua — located in Vientiane are likely to be impacted. This notice comes after the people's government of Vientiane submitted a petition to the National Economic, Technology and Environmental Committee in September 2024 to conduct an investigation and evaluation on the impact of these potash mines, and follows a landslide that occurred in Tongmang village in Vientiane on 1 June 2025 and caused damage to residential properties. This decision is likely driven by concerns for environmental protection as well as safety of the residents in Vientiane. The decision will not impact any of the other potash projects, namely Lao Kaiyuan and Asia Potash, which are located around 400km away in Khammoune province. Zangge and Yuntianhua are still waiting on further guidance from the Lao government and have not provided any comment on the matter. Yuntianhua's 500,000 t/yr Ruiyuan Richfield project started commercial production at the end of 2024, while Zangge's 1mn t/yr project construction has been delayed from 2024 to 2025, without a clear start date. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Indian phosacid demand firm despite price hike

25/07/03
25/07/03

Indian phosacid demand firm despite price hike

London, 3 July (Argus) — Indian demand for phosphoric acid imports is due to remain firm despite the recent hike in prices. This is because domestic DAP production using phosphoric acid as a raw material remains far more cost-effective than soaring DAP import prices while the country struggles to rebuild its DAP inventories. Jordanian producer JPMC and Senegalese producer Indorama have agreed a price of $1,258/t P2O5 cfr India with 30 days credit for third-quarter phosphoric acid deliveries with importers Coromandel and Iffco, respectively. The price is up by $105/t P2O5 from the second quarter but still keeps domestic production costs well below import costs. Without the additional government support for producers announced earlier this year , the rise would have pushed domestic producers' margins further into the red. With phosphoric acid at $1,258/t P2O5 cfr and ammonia at $350/t cfr, Indian DAP producers' costs are estimated in the range $715-720/t ex-works in bulk. This means they would face negative margins of around $75/t on the current maximum retail price (MRP) of 27,000 rupees/t, the nutrient-based subsidy (NBS) for DAP of Rs27,799/t for the April-September kharif season and the additional Rs3,500/t paid by the government to cover other costs — which brings the DAP subsidy to Rs31,299/t — and on current exchange rates. Attempting to reverse the erosion of national DAP inventories, the Indian government announced additional support for importers and producers at the beginning of May. The support includes making up for losses and ensuring a 4pc margin on the net MRP. This has allowed importers to pay higher to secure limited global tonnes, in turn allowing DAP import prices to soar by around $100/t since the additional support was announced. But heavy rainfall is spurring farmers' demand for phosphates and India's DAP stocks remain well below typical levels, estimated at around 1.56mn t at the end of June. DAP importers buying at $795/t cfr would make a loss of around $200/t without the additional support. The Rs27,000/t DAP MRP and Rs31,299/t subsidy payments would give a breakeven import price in the range $600-605/t cfr. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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