Gleadell Fertiliser Report

Another rewarding week for Urea producers as the warm wind of optimism blowing in from the grain market continues to drive prices upwards.

          Another rewarding week for Urea producers as the warm wind of optimism blowing in from the grain market continues to drive prices upwards.

          An ongoing Indian tender finishes today and prices from both the Baltic and Black Sea are now at the highest levels seen since the ‘run-up’ in late 2008.

          Granular prices from Egypt continue to show strength as Latin American, US and European demand is high and there is no sign of any price correction in the short term.

          Despite the recent and continuing firming of Urea prices, this commodity remains the most cost effective source of Nitrogen as the Ammonium Nitrate situation in the whole of Europe is extremely     tight.

          Yara / GrowHow prices and terms remain on very strict allocations as they continue to reflect the global trend upwards with 300 tonne now a possibility before the end of 2010.

          Phosphate prices have firmed again, fuelled by strong corn prices in the US and Asian demand.

          Potash producers are more determined than ever to now push prices higher as this commodity is the one that has remained static over the past two months.

For further information contact Calum Findlay, fertiliser trader on 01427 421244  calum.findlay@gleadell.co.uk