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Egypt’s NCIC sells DAP, CAN, SOP in tender

  • : Fertilizers
  • 26/08/17

Egyptian fertilizer producer NCIC has reported the following awards in its latest sales tender, which closed on 11 August:

  • 21,000t of DAP at $915-920/t fob
  • 27,000t of CAN 26 at $250-270/t fob
  • 500t of water-soluble SOP at $750/t bagged ex-works

The DAP price is far above the $890-900/t fob awards in NCIC's 20 July tender. The awarded volume is slightly more than the 20,000t initially offered in this tender.

The CAN price is broadly steady at the midpoint compared with the $261/t fob awarded in NCIC's 1 July tender. But the awarded volume is almost treble the 10,000t initially offered.

The SOP price is also an increase from NCIC's 20 July tender, in which it awarded 500t at $730/t bagged ex-works. But the volume is half what NCIC had offered in this tender.

No buyers have confirmed the awards, and the destinations of the products sold are not yet known.

NCIC had also offered 10,000t of TSP and 30,000t of SSP, but did not award either product. This is likely to have been because the prices received were below its expectations. Prices for TSP and SSP have been under pressure in Brazil — the benchmark destination — in recent weeks. Meanwhile, prices for shipments of sulphur — a key raw material for phosphates production — to Egypt have held firm, squeezing production margins.


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