Analysts continue to promote the view that fertilizer demand is being hit hard by the Global economic slowdown. This does not appear to be the case for urea, the most widely used nitrogen fertilizer. India, the second largest market worldwide has seen spectacular sales growth this year, a 66% increase in Q2 2020 to 6.5m.…
DetailsAfter two months of uninterrupted and sharp price declines which brought international ammonium nitrate prices down to historic lows, the market rebounded in early June with prices up around $20pt over the last few weeks. The reversal was so stark that almost overnight it was now producers that were looking to delay the pricing of…
DetailsOffers in the latest RCF Indian import tender, announced earlier today, fell short of producer price ideas prior to the tender and are set to test Chinese fob values. Formal offers were revealed today with the lowest offers for both coasts in the high $230s pt cfr, in line with earlier market reports. Samsung submitted…
DetailsUrea prices across a number of western and eastern markets have staged a recovery in recent weeks, buoyed by the emergence of demand from Latin America for granular, and African markets for prilled urea. Granular and prilled urea prices have been on a downwards momentum since March, with a lack of buying demand globally contributing…
DetailsExport values for FSU ammonium nitrate have fallen significantly in recent weeks with Baltic values no better than $160pt fob. The domestic spring season, October through April, is now a distant memory for Russian producers. During this period, strong local markets minimised export volumes, allowing most small and medium producers (with up to one cargo…
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