Egypt’s NCIC awards DAP at $915–920/t FOB in August tender, up from $890–900 in July

Egyptian fertilizer producer NCIC has reported awards in its latest sales tender, which closed on August 11, with DAP prices rising to $915–920 per metric ton FOB — a notable increase from the $890–900 per metric ton FOB it achieved in its July tender, according to Argus Media.

In the same NCIC Egypt DAP tender, the producer sold 27,000 metric tons of calcium ammonium nitrate (CAN 26) at $250–270 per metric ton FOB and 500 metric tons of water-soluble sulfate of potash (SOP) at $750 per metric ton bagged ex-works. The CAN volume was nearly triple the 10,000 metric tons initially offered, indicating strong buyer interest.

NCIC also offered 10,000 metric tons of TSP and 30,000 metric tons of SSP in the tender. Neither product was awarded, likely because bids fell below the producer’s price expectations. Prices for TSP and SSP have been under pressure in Brazil, the benchmark destination for those grades.

The rising DAP price from Egypt reflects persistent tightness in global phosphate markets. China’s phosphate export restrictions remain in force through August, and elevated sulfur costs — up more than 260% year-over-year — continue to squeeze phosphate producers’ margins worldwide.

Source: Argus Media