Urea
The local market remained reasonably quiet with some demand arising in anticipation of the latest Indian tender and Iranian production issues. However, there is said to be sufficient supply in the country to meet this demand.
Granular urea was last assessed at A$760-770/t fca Geelong.
There is only one urea vessel in transit to Australia carrying 23,400t, vessel tracking data from Kpler shows.
Phosphates
Local buying has increased slightly and there was an increase in contracting activity for MAP/DAP in the lead-up to Christmas.
Local demand may further increase after other prominent markets such as Brazil start to buy more tonnes, participants say.
There is 198,500t of MAP/DAP in transit to Australia across four vessels, vessel tracking data from Kpler show.
Australia’s Mardie SOP and salt project on track
Australian salt and sulphate of potash (SOP) producer BCI Minerals has received all necessary approvals to proceed with upgrading its Mardie salt project, with first high-purity sodium chloride exports expected by the end of 2026, the company said on 23 December.
The latest environmental approvals cover BCI's dredging of the berth pocket and navigation channel at Cape Preston West Port. Salt dredging is scheduled to start in April 2026, subject to finalisation of contractual arrangements, the company said.
Commentary and pricing supplied by Argus Media
Disclaimer: The information provided in this report is general in nature and is intended for informational purposes only.