According to the NCIC Egypt tender, the awards represent the highest accepted prices for each product category, although some transactions may have been concluded at slightly lower levels.
NCIC Egypt tender Show Mixed Trend Across Fertilizers
The latest NCIC tender included sales of DAP, TSP, urea, CAN26, and water-soluble SOP. Compared with the previous tender, price movements varied by product.
📊 NCIC Tender Awards – March Loading
| Product | Quantity | Latest Price (FOB) | Previous Tender Price | Trend |
|---|---|---|---|---|
| DAP | 20,000 t | $750/t | $725–745/t | Higher |
| TSP | 25,000 t | $560/t | $547–550/t | Higher |
| Granular Urea | 20,000 t | $492/t | $475/t | Higher |
| CAN26 | 20,000 t | $305/t | $315–325/t | Lower |
| Water-soluble SOP | 500 t | $575/t | $560–580/t | Stable |
The tender saw full allocation of the offered quantities for DAP, TSP, urea, and CAN26. Meanwhile, NCIC offered 1,000 tonnes of SOP, but sold only 500 tonnes in 25-kg bags.
Demand Remains Firm Despite Limited Buyer Visibility
Although NCIC has announced the awards, buyer confirmations and final destinations have not yet been disclosed. In the previous tender, most DAP cargoes were likely shipped to Europe, indicating strong regional demand.
The price increases for DAP, TSP, and urea suggest firm phosphate and nitrogen market fundamentals, supported by steady seasonal demand and tight supply conditions. However, the decline in CAN26 pricing highlights uneven demand across nitrogen segments.
Comparison With Previous NCIC Tender
NCIC’s earlier tender, which closed on 25 January for February loading, recorded lower prices for most products. The latest results therefore indicate strengthening sentiment in key fertilizer markets, particularly for phosphates.
The stronger DAP price of $750/t FOB marks a notable increase, reflecting tight global supply and improved buying interest. Similarly, urea values moved closer to the high-$490s FOB range, consistent with recent global nitrogen market trends.
Market Outlook
The March-loading tender confirms Egypt’s continued role as an active exporter of phosphates and nitrogen fertilizers. With global demand supported by seasonal procurement in Europe, Africa, and Asia, NCIC’s sales may contribute to firmer near-term price levels.
However, the absence of confirmed destinations and the partial uptake of SOP volumes suggest buyers remain cautious. Market participants will closely watch upcoming tenders and trade flows to gauge demand strength heading into Q2.
Sources : Argus