Gleadell Fertiliser Report
By Calum Findlay, fertiliser trader.
- Urea prices continue to trade upwards and are now all set to trade higher in the months ahead.
- The US market has finally woken up and is now competing hard to secure tonnage to meet increased spring demand.
- The announcement on a Chinese fertiliser export tax has yet to happen but confirmation is expected within days.
- The Nitrate position in Europe remains extremely tight with AN producers in France sold out for November and yet to announce terms for December.
- Yara’s Nitrate plant in Ambes is on turnaround and sources are now suggesting that production will remain down for another 2/3 months, this will only help producers to continue to increase prices further.
- In the UK, demand for nitrogen is all set to increase year on year by 10% as both winter wheat and OSR areas have increased.
- Lithuanian Nitrogen, the only real alternative product to UK, is available but Achema the producer has adjusted prices sharply higher for January.
- Phosphate and Potash markets continue to firm supported by a bullish grain market.
For further information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk
Notes:Prices quoted are indicative only at the time of going to press and subject to location and quality.
Gleadell Agriculture cannot accept liability arising from errors or omissions in this publication.
mln/t = million tonnes, mt = metric tonnes, kg/hl = kilogram per hectolitre, k/mt = thousand tonnes.
