Anti-dumping measures still not resolved

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.

IRELAND