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You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.Saudi Arabian phosphates producer Ma'aden has sold around 55,000t combined of DAP to two Indian importers at $720/t cfr for loading on one vessel in May.
Argus understands that the buyers are Indorama and Chambal.
The price is broadly in line with the sale of 45,000t of Jordanian DAP to Hindalco at $719.50/t cfr, and nets back to $708-709/t fob Ras al-Khair. It is up by $20/t from Ma'aden's last sales to India earlier this week.
Adds White House reaction, additional court action Washington, 29 May (Argus) — President Donald Trump's administration is asking a federal court to suspend a ruling issued late Wednesday that blocked emergency tariffs on nearly all imports, warning that failure to do so will be a foreign policy "disaster" and "shatter" trade negotiations with dozens of countries. The administration is asking the US Court of International Trade to stay its ruling — which would permanently enjoin tariffs now set at 10pc for much of the world, but which are set to revert to higher rates in July absent intervention by Trump — until it has time to pursue an appeal. The harm to foreign affairs from leaving the court ruling intact during an appeal "could not be greater", the administration said, whereas putting the decision on hold will preserve the status quo during an appeal. "It is critical, for the country's national security and the president's conduct of ongoing, delicate diplomatic efforts, that the court stay its judgment," the administration wrote in a legal filing after the court issued its sweeping ruling. The White House said the three judges on the trade court panel behind the ruling, two of whom are Republican appointees, "brazenly abused their judicial power to usurp" Trump's authority. The administration expects appealing the unfavorable ruling "all the way to the Supreme Court" but believes other countries will continue to negotiate on trade agreements with the US as a way to prevent tariffs. In a further setback for the administration, the US District Court for the District of Columbia today ruled in a separate lawsuit that Trump did not have authority to impose the tariffs, which were issued under a law called the International Emergency Economic Powers Act (IEEPA). The effect of that ruling is far more limited and would only freeze tariffs on two small toy companies behind the lawsuit, in the event the broader ruling on Wednesday is put on hold. Trump began imposing the emergency tariffs at issue in the case just weeks into his second term, starting with a 25pc tariff from Canada and Mexico and a 10pc incremental tariff on China, claiming they were in response to the threat of drug trafficking. Trump vastly expanded his use of tariffs on "Liberation Day" on 2 April on nearly every country based on an alleged "emergency" of trade imbalances, raising tariffs to as high as 145pc on China before lowering them to 30pc. The Court of International Trade, in its ruling on Wednesday, found all of those tariffs were unlawful and gave the administration 10 days to implement its ruling. IEEPA did not offer Trump "unbounded" authority to put unlimited tariffs on nearly all goods imported in the US, the court said, but instead set limits on tariff authority that the administration did not follow. If that ruling is upheld on appeal, the US will be required to offer refunds of emergency tariffs that have already been paid. The ruling does not affect separate "section 232" tariffs that Trump has imposed on steel, aluminum and automobiles, and that are being planned for pharmaceuticals, semiconductors and critical minerals. Trump could also pursue non-emergency "section 122" tariffs that would allow tariffs of up to 15pc, but those could only be used for 150 days. The Trump administration, in its request for a stay, said the court's invalidation of emergency tariffs under IEEPA poses an immediate and "grave" harm to the US because those alternative tariff authorities do not allow the president to take "swift and flexible" actions that are needed to address national emergencies. At a minimum, the administration said the tariff suspension should only apply to the handful of manufacturers and states that filed the lawsuit. To support its stay request, the administration included a declaration by US secretary of state Marco Rubio saying the injunction would cause "irreparable harm" to foreign policy and national security, while US trade representative Jamieson Greer said it will be a "foreign policy disaster scenario". US commerce secretary Howard Lutnick wrote it would "would destroy" a carefully negotiated agreement with China. US treasury secretary Scott Bessent warned the ruling "will threaten to shatter our negotiations with dozens of countries" and create a risk that trading partners "feel a renewed boldness to take advantage of" a new ability to retaliate against the US. The White House did immediately respond to a request for comment about the status of the collection of the emergency tariffs. The Trump administration, in its legal filing, said a stay of the ruling would not harm those who brought the tariff lawsuit because the US "will issue refunds" along with any interest that accrues during the appeal. By Chris Knight Send comments and request more information at [email protected] Copyright © 2025. Argus Media group . All rights reserved.
Washington, 29 May (Argus) — President Donald Trump's administration is asking a federal court to suspend a ruling issued late Wednesday that blocked emergency tariffs on nearly all imports, warning that failure to do so will be a foreign policy "disaster" and "shatter" trade negotiations with dozens of countries. The administration is asking the US Court of International Trade to stay its ruling — which would permanently enjoin tariffs now set at 10pc for much of the world, but which are set to revert to higher rates in July absent intervention by Trump — until it has time to pursue an appeal. The harm to foreign affairs from leaving the court ruling intact during an appeal "could not be greater", the administration said, whereas putting the decision on hold will preserve the status quo during an appeal. "It is critical, for the country's national security and the president's conduct of ongoing, delicate diplomatic efforts, that the court stay its judgment," the administration wrote in a legal filing after the court issued its sweeping ruling. Trump began imposing the tariffs at issue in the case just weeks into his second term, starting with a 25pc tariff from Canada and Mexico and a 10pc incremental tariff on China, claiming they were in response to the threat of drug trafficking. Trump vastly expanded his use of tariffs on "Liberation Day" on 2 April on nearly every country based on an alleged "emergency" of trade imbalances, raising tariffs to as high as 145pc on China before lowering them to 30pc. A three-judge panel on the Court of International Trade said Wednesday all of those tariffs, which were issued under a law called the International Emergency Economic Powers Act (IEEPA), were unlawful and gave the administration 10 days to implement its ruling. IEEPA did not offer Trump "unbounded" authority to put unlimited tariffs on nearly all goods imported in the US, the court said, but instead set limits on tariff authority that the administration did not follow. If that ruling is upheld on appeal, the US will be required to offer refunds of emergency tariffs that have already been paid. The ruling does not affect separate "section 232" tariffs that Trump has imposed on steel, aluminum and automobiles, and that are being planned for pharmaceuticals, semiconductors and critical minerals. Trump could also pursue non-emergency "section 122" tariffs that would allow tariffs of up to 15pc, but those could only be used for 150 days. The Trump administration, in its request for a stay, said the court's invalidation of emergency tariffs under IEEPA poses an immediate and "grave" harm to the US because those alternative tariff authorities do not allow the president to take "swift and flexible" actions that are needed to address national emergencies. At a minimum, the administration said the tariff suspension should only apply to the handful of manufacturers and states that filed the lawsuit. To support its stay request, the administration included a declaration by US secretary of state Marco Rubio saying the injunction would cause "irreparable harm" to foreign policy and national security, while US trade representative Jamieson Greer said it will be a "foreign policy disaster scenario". US commerce secretary Howard Lutnick wrote it would "would destroy" a carefully negotiated agreement with China. US treasury secretary Scott Bessent warned the ruling "will threaten to shatter our negotiations with dozens of countries" and create a risk that trading partners "feel a renewed boldness to take advantage of" a new ability to retaliate against the US. The White House did immediately respond to a request for comment about the status of the collection of the emergency tariffs. The Trump administration, in its legal filing, said a stay of the ruling would not harm those who brought the tariff lawsuit because the US "will issue refunds" along with any interest that accrues during the appeal. By Chris Knight Send comments and request more information at [email protected] Copyright © 2025. Argus Media group . All rights reserved.
Houston, 28 May (Argus) — US nitrogen markets have become increasingly reliant on Russian imports, raising concerns over potential new tariffs or sanctions on Russia, but so far US president Donald Trump has said he has no intention of taking such measures. Russia's market share of US urea imports grew to 64pc in May after Trump imposed a 10pc tariff on imports to the US except from Russia and other sanctioned countries. Argus estimates vessel imports to the US in May at about 520,000 metric tonnes (t), 64pc of which are coming from Russia, although a couple vessels may end up delivering in June. Prior to May, Russian product made up 31pc or 1.26mn t of 4mn t of vessel imports this fertilizer year, which runs from July through June, according to US Census Bureau data and Argus estimates. After the announcement of tariffs on 2 April the New Orleans barge market strengthened by $130/st or 34pc to a two-and-a-half-year high of $460-555/st fob by 6 May, even with access to non-tariffed Russian product. Russia, the largest of just a few origins for UAN across the global market, also continues to be the largest source of US UAN imports, representing about 62pc or 963,000t of 1.53mn t of waterborne imports July through May. The US UAN market relies less on imports compared to urea because the US has more UAN production capacity. Access to non-tariffed Russian product dampened the impact of tariffs on the US nitrogen market but there are increasing concerns among traders that the US' one source of non-tariffed imports could dry up. Trump showed increasing signs of impatience with Russia over continuing the conflict in Ukraine after concluding a two hour phone call with Russian president Vladamir Putin last week. Despite saying that "Putin is playing with fire" in a social media post, Trump today said he would not impose new sanctions on Russia, adding that it may jeopardize a ceasefire agreement that he claimed could be ready within two weeks. Trump's evolving relationship with Russia, alongside ongoing tariff negotiations with select countries, complicates the upcoming nitrogen summer fill program in the US. More expensive imports give domestic producers more leverage in price negotiations, while the possibility of tariffs being lifted may cause buyers to push purchases to a later date. But for now, Russia's increasing share of US nitrogen imports is likely to continue, especially after the European Parliament adopted additional tariffs proposed by the European Commission on Russian and Belarusian fertilizers. The new tariffs from the EU should incentivize Russian exporters to send more product to the US. By Calder Jett Send comments and request more information at [email protected] Copyright © 2025. Argus Media group . All rights reserved.
London, 28 May (Argus) — KSCL received two offers at $859.90/t cip and $865.50/t cip in its tender to buy 30,000t of DAP, which closed on 20 May. Aditya Birla offered lowest. Sun International gave the other offer. KSCL wants the product to be delivered to its warehouses within 107 days from opening the letter of credit in the following split: 11,500t to Birgunj 8,500t to Biratnagar 10,000t to Bhairahawa The prices are slightly up compared with offers ranging $855-858/t cip to fellow importer STCL's 11 April tender to buy 32,500t of DAP. By Tom Hampson Send comments and request more information at [email protected] Copyright © 2025. Argus Media group . All rights reserved.
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