CF Industries cuts prices for AN in the UK as European nitrate markets show signs of life

In Europe, the nitrate market feels on the cusp of a wave of demand emerging with the urea markets providing a positive backdrop for the first time since September. Producers and distributors have noted demand surfacing, with product selling at prevailing offer levels. The scale of business thus far has been modest. Still, this is…

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Nitrogen Index makes biggest weekly increase in close to six months with urea markets firm

The Profercy Nitrogen Index has made its single biggest weekly gain since the first week of September. The start of 2024 appears reminiscent of early 2021 when the year started with a rally ahead of the Spring application period in many western markets. This is in stark contrast to the last two years (2022-2023) when…

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Urea market awaits outcome of latest Indian purchasing tender – 2.7m. tonnes offered into latest inquiry

National Fertilizers Limited (NFL) closed a tender 4 January for shipments to 29 February. Business elsewhere has largely been on hold ahead of the conclusion of the tender. Indeed, both price levels and the eventual volume booked will shape market discussions around January into February shipments. This comes as peak-season import demand is due to…

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China: Industry body unveils action plan, call for reduced urea exports met with muted international response

Urea export availability from China has played a major role in shaping global market movements in the second half of this year. Indeed, inspection controls have waxed and waned in tandem with domestic market movements. Most notably, in August and September domestic and international traders faced more onerous CIQ inspections in the wake of 1.1m.…

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Few fireworks in global ammonia market as seasonal factors dampen demand

Softening demand and stronger supply have combined to create downward price pressure in the international ammonia market for late 2023/early 2024 business, with a November spot sale in Algeria agreed at a $20-25pt discount to last business. The market is far better balanced than previous months on plant restarts and with no sign of major…

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