Fertilizer Off-take: DAP sales for Oct, 2017 decline by 22.7%, Urea Sales up 4.2%

National Fertilizer Development Centre today released fertilizer supply-demand situation for mid-November 2017, along-with outlook for Rabi 2017-18.

Total Fertilizer Sales – September, 2017

  • Total Fertilizer off-take during the month of October, 2017 was 482 thousand tonnes compared to 526 thousand tonnes during October, 2016 (an 8.5% decrease).

Nutrients

  • Nitrogen Sales during Oct, 2017 were 272 Thousand tonnes compared to Oct, 2016 Nitrogen off take of 214 Thousand Tonnes; a decrease of 1.4 percent.
  • Phosphate Sales during Oct, 2017 were 202 Thousand tonnes compared to Oct, 2016 Nitrogen off take of 246 Thousand Tonnes; a decrease of 17.7 percent.
  • Potash Sales during Oct, 2017 were 7.8 Thousand tonnes compared to Oct, 2016 Potash off take of 4.8; an increase of 60.9 percent.

UREA & DAP

  • Urea Sales during Oct, 2017 were at 375 Thousand tonnes compared to Oct, 2016 Urea off take of 360 thousand, an increase of 4.2 percent.
  • DAP Sales during Oct, 2017 were at 387 Thousand tonnes compared to Oct, 2016 DAP off take of 501; a decrease of 22.7 percent.

Nutrient/Product

October, 13

October, 14

October, 15

October, 16

October, 17

% Change in 2016 & 2017

Nitrogen

293

258

214

275

272

-1.4

Phosphate

150

163

275

246

202

-17.7

Potash

3.4

3.3

4.1

4.8

7.8

60.9

Total

447

424

494

526

482

-8.5

Urea

477

408

197

360

375

4.2

DAP

298

324

536

501

387

-22.7

Source: National Fertilizer Development Centre

Total Fertilizer – Production and Imported Supplies September, 2017

  • Fertilizer production during October, 2017 was at 608 thousand tonnes.

Product Wise Break-up

  • Urea production was at 440 thousand tonnes; 72.5 percent of Total Production
  • DAP production was at 74 thousand tonnes
  • CAN production was at 39 thousand tonnes
  • NP production was at 38 thousand tonnes
  • SSP production was at 8 thousand tonnes
  • NPK production was at 9 thousand tonnes

Imported Supplies

Total Supplies Imported during the month amounted to 144 Thousand tonnes.

  • DAP imports were at 241 thousand tonnes
  • MOP imports were at 2.6 thousand tonnes
  • SOP imports were at 4.7 thousand tonnes
  • SSP imports were at 1.9 thousand tonnes

Description

Urea

DAP

NP

CAN

SSP

NPKs

SOP

MOP

MAP

AS

TSP

Total

Production

440

74

38

39

8

9

608

Percent share

72.5

12.3

6.2

6.3

1.3

1.5

100

Import

241

1.9

4.7

2.6

250

Export

108

108

Fertilizer Prices – Domestic & International

Domestic Price Scenario

During October, 2017 increase in the prices of all fertilizers was observed. The prices of urea (Sona), urea (others) and CAN increased by 2.3, 1.5 and 0.8 per cent respectively over September 2017. The prices of DAP, NP and SSP (G) also increased by 1.0, 0.6 and 0.4 per cent respectively.

Product

September, 2017

October, 2017

Percent Change

Urea (Sona)

1332

1362

2.3

Urea (other)

1302

1322

1.5

DAP

2619

2646

1.0

NP

1897

1909

0.6

SSP (Granular)

852

855

0.4

CAN

1192

1202

0.8

SOP

3634

3656

0.6

NPK

2540

2547

0.3

International Price Scenario:

Fob bulk China urea price was quoted at US $ 265-285/t against 235-270/t of previous month.  Middle East bulk urea was set at US $ 271-295/t. DAP price during October 2017 was referred at US $ 318-327/st fob bulk in US Gulf, and US $ 360-370/t in China market. MAP and TSP prices remained at the level of US $ 335-345 and 280-285/t respectively.

Ex-Karachi price of urea was in the range of Rs. 1852-2051 per 50 kg bag while that of DAP was in the range of Rs. 2461-2583 per 50 kg bag during October, 2017.

Terms/Port

US $ per MT

(Rs. per bag)

Ex-Karachi Price

Of Imported Fertilizer

5th October

12th October

19th October

26th October

(FOB)

(1st week)

(2nd week)

(FOB)

(1st week)

UREA

China

265-270

270-275

270-275

273-285

1852-1985

(Prilled Bulk)

(235-240)

(240-243)

(260-265)

(268-270)

(1654-1885)

Arabian Gulf

271-275

280-285

280-285

290-295

1892-2051

(Prilled Bulk)

(230-240)

(230-240)

(260-270)

(271-275)

(1621-1918)

DAP

US Gulf*

322-326

318-325

318-325

318-327

2518-2583

(Bulk)

(315-321)

(320-330)

(331-336)

(322-340)

(2496-2677)

China

360-363

365-370

365-370

365-370

2461-2527

(Bulk)

(347-350)

(350-351)

(352-355)

(355-360)

(2376-2461)

MAP

Baltic

335-340

340-345

340-345

340-345

2491-2559

(Bulk)

(325-330)

(325-330)

(330-336)

(335-340)

(2423-2525)

TSP

Tunisia

280-285

280-285

280-285

280-285

2116-2150

(Bulk)

(280-285)

(280-285)

(280-285)

(280-285)

(2116-2150)

 

Posted on: 2017-11-27T14:30:00+05:00