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No offers under India’s NFL buy tender for NPKs

  • Market: Fertilizers
  • 09/06/25

Indian fertilizer importer NFL has not received any offers under its tender to its MOU suppliers to buy up to 50,000t each of NPK grades 10-26-26 and 12-32-16.

The tender closed on 9 June and requested 25,000-50,000t of 10-26-26 for delivery to India's east coast and a same-sized supply of 12-32-16 to the country's west coast. The shipments had to depart by 31 July under the tender's conditions.

The lack of offers for NPS/NPKs probably reflects a lack of global supply, particularly from China, where suppliers have suspended export offers for NP and NPS. Argus understands that the customs inspection for these grades was halted on 26 May.

Indian importer IPL bought 20-20-0+13S NPS with the price rising by around $12/t in the latest business from Saudi producer Ma'aden for June shipment.

Meanwhile, fellow Indian firm FACT has extended the closing date of its tender to buy up to 50,000t of NPS 20-20-0+13S to 16 June from 9 June.


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18/07/25

Brazil's Bolsonaro put under police surveillance

Brazil's Bolsonaro put under police surveillance

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Pakistan's DAP stocks build in June


16/07/25
News
16/07/25

Pakistan's DAP stocks build in June

London, 16 July (Argus) — Pakistan's national DAP stocks grew throughout June to 324,000t, the sixth consecutive monthly stockbuild in the country, according to data from Pakistan government agency National Fertilizer Development Centre. DAP cargoes lined up by importers ahead of global price increases earlier this year more than replaced early buying in the domestic market in anticipation of rising domestic costs. The country started June with 236,000t of DAP in stock. It imported 128,000t and produced a typical quantity of 75,000t in the month, outweighing sales of 115,000t by 88,000t. DAP offtake so far through Kharif, starting in April, now totals 308,000t. This remains below the 367,000t average for the same period over the three years up to the devastating floods that hit Pakistan in mid-June 2022. But it is 20pc above April-June offtake in 2024. Global DAP prices have escalated in recent months, pushing Pakistani import prices up by nearly $150/t from a midpoint of $652.50/t cfr at the beginning of April. This, coupled with higher raw material prices boosting production costs, has forced domestic DAP prices up to as high as 13,000 rupees/50kg bag ex-Karachi. The firm price trend spurred early domestic buying, but with farmer economics still poor thanks to low crop prices, distributors expect to see a downwards correction in domestic DAP offtake volumes throughout the remainder of Kharif and into Rabi, which starts in October. Cumulative DAP imports throughout Kharif comes to 219,000t, a significant rebound from the 113,000t average for April-June imports over the previous three years. But importers are now showing little interest in adding to the DAP line-up. Latest sales for Chinese DAP are reported in the $790s/t cfr, equivalent to a landed cost in the range Rs14,130-14,320/bag ex-Karachi at current exchange rates. This is well above current domestic prices, which are already leading to demand destruction among farmers. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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EU proposes support package for chemicals sector


15/07/25
News
15/07/25

EU proposes support package for chemicals sector

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Alt-fuel ship orders fall in 1H25: DNV


15/07/25
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15/07/25

Alt-fuel ship orders fall in 1H25: DNV

Sao Paulo, 15 July (Argus) — Ship orders for new alternative-fuelled vessels fell to 151 in the first half of 2025 compared with 179 a year earlier, according to Norway-based classification agency DNV. These orders represented 19.8mn gross tonnes, up by 78pc from the same period in 2024. LNG-fuelled vessels accounted for 87 of the new orders in the first half, followed by 40 methanol-fuelled ships, 17 LPG-powered vessels, and four hydrogen and three ammonia-fuelled ships. Orders stood at 19 in June, up from 16 in May, with two of these LPG-fuelled carriers. The total fleet of ships that could run on LPG stood at just over 150 in the final quarter of last year , with around 126 on order by 2028 following the latest additions, as orders lag other fuel types despite low prices because of safety issues and a lack of four-stroke engines. New orders, 1H 2025 Fuel Number of vessels LNG-fueled 87 Methanol-fueled 40 LPG-fueled 17 Hydrogen-fueled 4 Ammonia-fueled 3 DNV Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Brazil attorney general asks court to convict Bolsonaro


15/07/25
News
15/07/25

Brazil attorney general asks court to convict Bolsonaro

Sao Paulo, 15 July (Argus) — Brazilian prosecutors said the country's supreme court (STF) should find former president Jair Bolsonaro and seven other defendants guilty of an attempted coup. In a 517-page briefing that is part of attorney general Paulo Gonet's closing arguments at trial, prosecutors argue that Bolsonaro and the other defendants should be convicted of the crimes of armed criminal organization, attempted violent abolition of the democratic rule of law, coup d'état, damage qualified by violence and serious threat, and damage to government assets. Bolsonaro was the "main orchestrator and biggest beneficiary" of a plot to make sure that he stayed in power despite losing the election to President Luiz Inacio Lula da Silva, Gonet said during the trial. The plot included the 8 January 2023 storming of government buildings in the capital Brasilia and plans to kill his political opponents . Also as part of the plot, Bolsonaro used the power of the state and operated in a "persistent scheme" to attack public institutions and the succession process after the presidential election results, Gonet said. The seven other defendants include Bolsonaro's running mate Walter Braga Netto; former minister Augusto Heleno, who is also an army general; Bolsonaro's former justice minister Anderson Torres; former defense minister Paulo Sergio Nogueira; and Bolsonaro's top aide Mauro Cid. If convicted, Cid is expected to have his sentence suspended due to a plea bargain agreement signed with the federal police during investigations. Cid will now have 15 days to present his final defense. The other defendants will then have an additional 15 days to do the same. A date for the justices to begin deliberations will be set after STF receives all statements. That is expected for September this year, according to the government. If convicted, the defendants, including Bolsonaro, can face up to 43 years in prison. Bolsonaro, Trump push back Bolsonaro — who is barred from running for any public office until 2030 — used social media to call the trial a "shameful farce". Bolsonaro's trial gained a new spotlight after US president Donald Trump threatened to impose a 50pc tariff on imports from Brazil from 1 August, citing an alleged "witch hunt" against Bolsonaro. Lula said Brazil will reciprocate the US tariffs. "Any unilateral tariff increases will be addressed in accordance with Brazil's economic reciprocity law," he said on social media last week. He also added that the country "will not accept any form of tutelage." Lula signed the reciprocity law on Monday, according to the government. It authorizes Brazil to suspend trade, investment and obligation concessions to countries that impose unilateral barriers to Brazilian products in the global market. It also creates a committee — which will be comprised of the ministers of trade, finance, foreign relations and the chief of staff — that will be in charge of deciding trade responses to other countries' unilateral measures. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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