By Roger Chesher

IT was a quiet week, with little or no changes in pricing and very little volume movement.

Normally we would expect top-up purchases of nitrogen around now, but with the current state of agricultural finances and the fact that the market is virtually exclusively on a cash-only basis, the arable buyer is not buying.

The trend to purchase only for immediate consumption looks set to continue.

Some grazing products are being sold, but the active second-cut market has yet to start.

Any thoughts that inactivity will draw the price down should be discounted. The supply situation is still low.

Kemira has yet to enter their period of planned shutdown in May, and Hydro are once more suffering problems with nitric acid at Immingham.

The problem has yet to be identified and no date for restarting the plant has been set, so Extran is in short supply as the company tries to source alternative supplies.

Shortage of nitrogen granules will inevitably have a knock on effect on supplies of NK products for the silage market, and so the price creeps up to 116/t.

The domestic manufacturers still hope for 120/t for ammonium nitrate at the end of the season.

CURRENT MARKETS

Immediate delivery N (SP5) May/June delivery N pay cash Imported urea (if available) Imported AN (if available) Blended 20.10.10 Blended 25.5.5 Liquid N, 37kg/100l or 29.6% N/t
£113-116 £120 (forecast) Granular unavailable; prilled 105 90-95 £110+ £101-103 £103-107/100,000 litres or £81-87/t

NPK April, pay cash
Complex 25.5.5 111-113
20.10.10/29.5.5 121-123
17.17.17 130-133

 

IRELAND

  Imported urea

CAN

0.23.24

0.16.36

Complex compounds
27.6.6

Northern Ireland Not available 95 No market No market 125-126
 

CAN

0.10.20

Urea, imported

27.21/2.5

Republic of Ireland* 110-124 No market Not available 155

*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=UK0.76 on 20 April

     

    Note All illustrated prices are based upon 20 tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.

    Source: Bridgewater Partnership