FINE TUNING has resulted in prices for ammonium nitrate being pegged a little with plans to offer domestic product at £155/t until April.

This is designed to stimulate a steady uptake until the end of the season, but any disruption to the supply/demand equation could still change things before the usage period.

Compound fertilisers should still attract a £1.50 per month premium through to April, making the popular 25.5.5 product £154/t now and £157/t by the end of March.

This structure is designed to stimulate early movement of such products.

Liquid nitrogen for the February tank fill is selling for around £142/m³ of UAN (urea-ammonium nitrate at 37% by volume).

Enthusiasts for liquid systems will base their choice on accuracy and convenience. The opposite view is that liquid users miss out on exploiting variations in pricing.

The first fill of liquid tanks around November, which accounts for 60,000 tonnes (20% of the liquid market), was pumped in at £138/m3. This season therefore, the variation has not been too great over the solid nitrogen price at the time.

Farm gate sales continue to be extremely quiet with huge variations amongst merchants in their estimates of the volume of compound business yet to be achieved.

The quiet period continues to sap the confidence of importers to commit to cargoes.

CURRENT PRICES (£/t)

Nitrogen (Domestic) N  (SP5) 34.5%

Domestic AN Spring

Imported  urea.

Imported AN Lithuan

Blended
20.10.10 & 27.5.5

Blended
25.5.5

Liquid
Nitrogen,
37kilos/100
litres o
r
29.6%N/t

Jan £155

Feb £155

Mar £155

£195 granular
£165 prills

£147

where available

£150

From £146

£142

 

NPK

Jan (add £3 for March)

Imported
27.6.6

Imported
32.5.0

Complex 25.5.5

£154

No supplies

No supplies

15.15.20

£169

 

20.10.10/ 27.5.5

£158

 

17.17.17

£174

 

 

Trace elements 0.24.24 TSP (47%P2O5) Muriate of
Potash (60%K2O)
Copper, zinc, selenium,
cobalt Iodine and sodium Per acre pack £11.10
Blended £126-135 £150 £130

Ireland

Benchmark prices. Compounds out of season.

 

Urea, existing stocks only

CAN

24.6.12

aftercut

25.5.5

 

Complex compounds
27.6.6.

Northern
Ireland

£200 £150

£175-180 (anticipated)

£165-175 £175-180

 

Republic of
Ireland*

CAN, large price variations

24.2½.10 blend

Urea
Granular, non EU          

27.  2.5 . 5

 

 €220 €240-250+
€270-280
(dependant on source and quality)
€240-250+ (CCF)
€240 import blend

*Note in the Republic of Ireland nutrients are expressed as elements not oxides.  Analyses will not be directly comparable with those used in the UK.
                  
Note All illustrated prices are based upon 24 tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.

 Source: Bridgewater