Brazil: Granular AS values continue to move up

摘要

Delivered values for granular AS are assessed higher at $170-190/mt CFR owing to tight product availability and higher urea values. Indagro is widely reported to have sold a portion of its 40-50,000 mt AS cargo into Brazil in the mid $180s/mt CFR. Ameropa will bring 25,000 mt ex-Baltic Granmax AS to Brazil in late September, early October likely to be priced in the above range.