Senegalese producer Indorama has confirmed settlement of its first-quarter phosphoric acid contract price with Indian importer IFFCO at $1,290/t P2O5 cfr with 30 days' credit.
The price is in line with Nutrien and Coromandel's first-quarter settlement earlier this month. It is also unchanged from contract settlements for the last quarter.
London, 19 May (Argus) — Egyptian fertilizer producer NCIC has issued a tender to sell various fertilizers, closing on 21 May. NCIC is offering the following products: 20,000t of DAP — it reported selling 30,000-35,000t at up to $915-917/t fob Adabiya/Damietta in a tender that closed on 4 May 25,000t of SSP — it sold 20,000t at $340-375/t fob Ain Sokhna in its 27 April tender and offered 30,000t in its 4 May tender, but did not report a sale 15,000t of granular urea — it reported selling 25,000t at up to $865/t fob Adabiya in its 4 May tender 5,000t of CAN26 — it last sold 5,000t at up to $412/t fob in its 20 April tender 600t of water-soluble SOP — it reported selling 1,000t at up to $721/t bagged ex-works in its 4 May tender The DAP, SSP, urea and CAN will be sold on fob basis, and NCIC said they will be ready for loading at Damietta port in the Mediterranean. The SOP will be sold in 25kg bags on an ex-works basis from NCIC's Fayoum plant. Buyers are to load the cargoes within 37 days from receiving the invoice. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Adds vessel name Amsterdam, 19 May (Argus) — Saudi Arabian fertilizer producer Sabic has completed the loading of 25,000t of granular urea at the port of Yanbu on the Red Sea, marking the first bulk loading of urea on the west coast as shipments out of the Mideast Gulf are still heavily constricted. There was no comment on pricing, but the Courtesy K is understood to be destined for Bangladesh under Sabic's long-term government-to-government contract. Another granular urea cargo is scheduled to load for Bangladesh from Yanbu later this month. The urea was trucked from the production hub of Jubail to Yanbu for loading, meaning that around 1,250 truckloads of 20t each would have had to be delivered to the port for this cargo alone. The move follows the same strategy carried out by fellow Saudi fertilizer producer Maaden, which trucked phosphates from its Ral Al-Khair site to Yanbu for export in March in the wake of the war in the Middle East, which has resulted in the effective closure of the strait of Hormuz since the end of February. Sabic has been producing urea at Jubail and loading vessels since the war began, with Argus tracking at least 15 vessels loaded with Saudi urea in the Gulf yet to navigate the strait. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 18 May (Argus) — A lack of imports saw domestic sales erode Pakistani DAP stocks in April. But affordability for buyers and suppliers conserving stocks is putting offtake under pressure. Pakistan began May with 203,000t of DAP in stock, down by 11,000t from the start of April, according to the National Fertilizer Development Centre. Pakistan did not import any DAP last month, while domestic production was typical, at 74,000t. Domestic offtake almost halved to 85,000t, compared with March. But cumulative sales of 376,000t in January-April remain ahead of previous years, outpacing the average for January-April in 2023-25 by around 51,000t. Pakistani farmers and retailers anticipated that the globally bullish trend in DAP prices, primarily driven by the war in the Middle East, will eventually be felt in the domestic market and bolstered their stocks accordingly. Pakistan is now in its typical off-season, but the drop in offtake last month also reflects importers conserving their stocks and domestic prices testing farmers' affordability. Distributors expect DAP offtake to remain under pressure, seeing farmers prioritise nitrogen and potentially looking to other sources of phosphate, such as SSP and NPs. Prices for DAP from warehouses at Karachi have risen by 1,581 rupees/50kg bag — equivalent to around $114/t at current exchange rates — at the midpoint since the start of 2026. The latest stock total is in line with DAP inventories at the end of April 2025. But this is the third consecutive monthly fall in stocks. National DAP stocks had been growing since the beginning of January at the end of April last year and went on to grow for another three months. No DAP is lined up to arrive this month. But importers have lined up 60,000t of DAP, likely to arrive in June. This includes 20,000t of Moroccan DAP and 40,000t of Saudi Arabian DAP . May-June offtake in 2023-25 averaged 201,000t. If no more DAP imports are lined up, and if domestic offtake and production remain typical, national stocks are likely to remain largely unchanged by the end of June. If DAP stocks wither as distributors forecast, this could allow stocks to recover slightly. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 18 May (Argus) — An Indonesian importer has issued a tender to buy 20,000t of bagged white standard MOP for delivery in June-August to Palembang, closing on 21 May. The same importer is expected to issue a larger tender for standard MOP soon after it cancelled its previous tenders seeking a total of 155,000t of standard MOP — 120,000t of red standard MOP and 35,000t of white standard MOP — which was initially scheduled to close on 27 April. The tender was likely cancelled because it was waiting for the settlement of a new Indian standard MOP contract for price guidance, which was concluded today at $383/t cfr with 180 days' credit . By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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