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latest fert market update 17th dec

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    MARKET REPORT 17 DECEMBER 2009

    FERTILISER
    Phosphate prices are witnessing a major global demand recovery as US and European demand is urgent and this looks likely to intensify further.
    Potash demand remains slow as traders are still concerned that prices may fall further and therefore are unwilling to commit to tonnage.
    The Granular Urea market remains firm as continued US demand pulling in Egyptian product helps to tighten supplies available in to Western Europe.
    Prilled urea prices have stabilised as the latest Indian tender did not happen but upto 1MT of product is needed here for January arrival so prices will remain firm well in to spring 2010.
    Through their import facilities at Avonmouth and Immingham, Gleadell have both Prilled and Granular product terms available.
    UK ammonium nitrate manufacturers are keeping product tight and again restricting allocations to merchants whilst watching international developments.
    A continued steady demand for all Sulphur products mean this market is also starting to firm, ammonium sulphate being recognised as a cheap source of Nitrogen at today's prices.

    www.gleadell.co.uk
 
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