𝙋𝙝𝙤𝙨𝙥𝙝𝙖𝙩𝙚 𝙍𝙤𝙘𝙠 𝙐𝙥𝙙𝙖𝙩𝙚

🪁𝘰𝘶𝘳 𝘳𝘦𝘤𝘦𝘯𝘵 𝘢𝘥𝘷𝘢𝘯𝘤𝘦𝘮𝘦𝘯𝘵𝘴 𝘪𝘯 𝘵𝘩𝘦 Phosphates market:

1. Increased our 𝗳𝗼𝗰𝘂𝘀 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝘁𝗵𝗲 𝗘𝗮𝘀𝘁, where we actively aim to participate in tenders to expand our Phosphates Market presence.

2. We also enhance our technical efforts to meet our customers’ precise quality needs. To further diversify our supply sources in the Phosphates Market, we are now including 𝗘𝗴𝘆𝗽𝘁 and 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗮𝗹𝗼𝗻𝗴𝘀𝗶𝗱𝗲 𝗼𝘂𝗿 𝗼𝘄𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀, based on customer preferences.

📈 Phosphates 𝘔𝘢𝘳𝘬𝘦𝘵 𝘐𝘯𝘴𝘪𝘨𝘩𝘵𝘴:

– 𝗖𝗵𝗶𝗻𝗮: Import prices for 26-27% P2O5 phosphate rock: stable at $90-95/t CFR.
– 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮: Phosphate rock imports surged by 20% from January to July, with Jordan compensating for decreased Egyptian deliveries.
– 𝗜𝗻𝗱𝗶𝗮: The recent tender for 20,000t of 30% phosphate rock remains unawarded, with three regional trading firms submitting offers.

🚨 𝘜𝘱𝘤𝘰𝘮𝘪𝘯𝘨 𝘛𝘦𝘯𝘥𝘦𝘳𝘴:

– Fact’s tender for 20 KMT of 31.75% phosphate rock is open until September 11.
– BCIC/Bangladesh is seeking 30 KMT of phosphate rock, with bids closing on October 2.

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🧪 𝙋𝙝𝙤𝙨𝙥𝙝𝙤𝙧𝙞𝙘 𝘼𝙘𝙞𝙙 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨

Fact has successfully purchased 12,000t from a local producer at approximately $1000/t P2O5 CFR in the phosphoric acid market. They received no offers from international suppliers.

📊 𝘙𝘦𝘤𝘦𝘯𝘵 𝘛𝘦𝘯𝘥𝘦𝘳 𝘈𝘤𝘵𝘪𝘷𝘪𝘵𝘺:

– BCIC’s tender for 20,000t of 52-54% P2O5 phosphoric acid closed on September 2, receiving two competitive offers:
– Moroccan phosphate producer at $661.50/t cfr
– Regional trading firm Sun International at $666.90/t CFR

🚨 𝘜𝘱𝘤𝘰𝘮𝘪𝘯𝘨 𝘛𝘦𝘯𝘥𝘦𝘳:
– BCIC/Bangladesh is set to open a tender for 20 KMT of phosphoric acid, closing on September 24.

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🌾 𝙎𝙎𝙋 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬

In the SSP segment, competitive offers for Turkey, with Egyptian SSP priced at $188-190/t CFR for approximately 8,000-9,000 MT.

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We are committed to driving growth and innovation across all sectors of our business. Stay tuned for more updates!

Author: Husein Murad, Phosphate Rock whole seller & Specialist