Abu Dhabi's state-owned Adnoc has set its February sulphur official selling price (OSP) for the Indian subcontinent at $530/t fob Ruwais, up by $10/t from its January OSP.
Adnoc's February OSP implies a delivered price of $546-548/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east-coast of India last assessed at $16-18/t on 29 January.
Tokyo, 5 February (Argus) — Japanese engineering companies Kanadevia and Nippon Steel Engineering agreed to explore merging their businesses to meet future demand growth for waste management and waste-to-energy plants. Kanadevia and Nippon Steel's wholly owned subsidiary Nippon Steel Engineering signed the initial agreement on 5 February to explore a possible merger by April 2027. The companies aim to finalise their decision by November 2026. Kanadevia and Nippon Steel Engineering expect demand for waste management plants in Japan to grow because of the many domestic plants that are ageing, which will require renewal. The companies also forecast a rise in demand for waste-to-energy plants overseas — especially in growing markets like north America and southeast Asia — given the drive towards decarbonisation. Kanadevia has expanded its decarbonisation businesses, including to waste-to-energy plants and hydrogen- and ammonia-related products. Kanadevia's Switzerland-based green technology subsidiary Kanadevia Inova added 11 UK biogas plants to its portfolio after buying low-carbon asset management firm Iona Capital. Kanadevia plans to start commercial operations of its plant, which will produce polymer-electrolyte-membrane water electrolyser stacks , in the April 2028-March 2029 fiscal year. It also plans to invest in building production facilities for ammonia-fuelled ship engines , aiming to begin operations in 2028-29. Kanadevia will sell 25pc of its stake in its subsidiary Hitachi Zosen Marine Engine by the end of March 2026. Kanadevia expects to own 40pc, while Japan's major shipbuilder Imabari Shipbuilding will raise its share from 35pc to 60pc after the sale. The move is intended to speed up the development of ammonia-fuelled ship engines by allowing Imabari Shipbuilding to lead the project. By Nanami Oki Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 4 February (Argus) — A trading firm sold 25,000t of Russian MAP and 15,000t of DAP for shipment to Latin America, excluding Brazil, while a fresh Moroccan MAP sale to Brazil has also emerged. The Russian MAP sold at $700/t fob Baltics and the DAP at $690/t fob, both for shipment in March. The cargoes are sold on a fob basis for a long position and are not sold on a cfr basis to importers. The exact destination of products is not known but Argentina is a likely destination. The prices would net forward to around $750/t cfr and to around $740/t cfr Argentina for the MAP and DAP, respectively. DAP/MAP offers to Argentina have firmed to $750-765/t cfr. The Moroccan MAP sold to Brazil at $720/t cfr and will load in February-March. The total quantity is unknown. Suppliers also remain bullish on TSP and SSP. TSP offers to Brazil have increased to $575-600/t cfr, with Moroccan at the high end, while SSP suppliers are targeting higher sales. Phosphate prices in the Americas have firmed earlier than normal because of expectations of reduced Chinese phosphate exports this half of the year, while raw material costs continue to rise. These factors have pushed importers in the US, Brazil and Argentina back into the market at the same time, exacerbating the firmer trend and lifting DAP/MAP prices since the start of the year. But distributors in the domestic markets still point to poor farmer affordability as crop prices remain low. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 4 February (Argus) — A trading firm has reported selling 45,000t of Moroccan DAP to a single buyer at $750/t cfr Thailand. The cargo will load in February. The deal is yet to be confirmed by the buy side. The price is up by $20/t at the high end from DAP prices assessed at $700-730/t cfr southeast Asia last week. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Houston, 3 February (Argus) — Ice buildup on the Ohio River is slowing barge traffic, following temporary lock shutdowns that created vessel backlogs along the waterway, according to notices from the US Army Corps of Engineers (USACE) and the US Coast Guard. Severe cold weather has frozen portions of the river, making navigation difficult, especially for heavy barge tows. The Willow Island Locks and Dam in Reno, Ohio, was temporarily closed on 28 January after ice in the main chamber prevented its miter gates from operating. USACE officials said the issue was resolved on Monday afternoon and nine tows have since transitted the lock as of Tuesday. Navigation challenges, however, persist across the Ohio River. The USACE's Huntington district has imposed tow-size restrictions between miles 161.7 and 436.2. Under these limits, towboats and their assembled tows must not exceed 1,050ft in length or 105ft in width. The US Coast Guard has also issued a number of safety advisories and barge tow restrictions across multiple points along the Ohio Valley. The restrictions follow a week of extreme winter weather and hazardous ice that reduced maneuverability and limited how many barges can safely transit the river. The combination of ice, reduced tow sizes, and temporary delays is creating congestion, even with the Willow Island lock back on line. The USACE's lock queue report showed delays of nearly three days at the Willow Island locks as of Tuesday. The National Weather Service forecasts near-normal to below-normal temperatures across the western portion of the region from 8-12 February. By Sneha Kumar Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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