EuroChem’s update of September sales of prilled and granular urea included the 11,000 mt granular urea loaded at the new Tuapse terminal for Terneuzen. The cargo was priced at $510/mt FOB, according to the producer. A further 25,000 mt will load for Brazil and a combination cargo of around 20,000 mt will load for Argentina and/or Uruguay in combination with AN. EuroChem suggested netbacks at $520/mt FOB and $527/mt FOB respectively on the two cargoes. Similar returns were also indicated on two cargoes of granular from Klaipeda for the Americas.
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