By Roger Chesher

RATIFICATION of the anti-dumping levy on ammonium nitrate from some eastern European countries has still not been given.

While it is widely expected that anti-dumping measures will continue, two member states have sought clarification on a number of technical issues.

However, informed comment from Brussels is that the proposed measures are likely to be approved, and should be in force around the turn of the year.

This, of course, leads to some insecurity about cargo prices for January, and many importers continue to delay booking significant amounts.

Forward prices put imported AN delivered on-farm at around 105/t farm in the spring, maintaining the usual 10+ differential between imports and domestic product.

Domestic prices have slipped a little, to 110-113/t, in an attempt to stimulate demand for ammonium nitrate.

But December prices have been published, and reflect the price rise forecast last week, standing at 115-118/t delivered.

Compound sales are more buoyant, with no change in price for granular or blended products.

Meanwhile, the proposed formation of a huge Scandinavian chemical conglomerate could be under threat.

Committees in the Finnish parliament have rejected the governments proposal to sell all remaining state shares in Kemira Oyj.

This now hangs on a vote in parliament, having long term implications for the global fertiliser supply chain.

CURRENT PRICES

New-season nitrogen (SP5) 34.5% December domestic nitrogen Imported urea Imported AN Blended 20.10.10 and 25.0.16 Blended 25.5.5 Liquid nitrogen, 37kg/100l or 29.6% N/t
November 110-113 115-118 Granular 115-120 99-103, Spring 105 113 107 120
NPK November NS products
Complex 25.5.5 113 117
15.15.20 134
20.10.10/29.5.5 119-120
17.17.17 139-140
After-cut NK cash 0.24.24 TSP (47% P2O5) bagged Muriate of Potash (60% K2O) bagged
110-115 – market virtually over 112-114 125 122

 

IRELAND
Forecast prices

  Urea

CAN

24.6.12

0.16.36

Complex compounds
27.6.6

Northern Ireland No market 105 122-125 130 124
 

CAN

24.21/2.10

Urea, imported

27.21/2.5

Republic of Ireland* 130-140 No market No market 150

*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.

*Prices in the Republic are IR

  • IR1=UK78.06p; US$1=UK69.69p on 15 November

     

    Note All illustrated prices are based on 24-tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.

    Source: Bridgewater Partnership