By Roger Chesher

OFFICIAL ratification of the anti-dumping levy on Russian ammonium nitrate has still not been given.

But the feeling in the marketplace is that it is just a matter of time before the rubber stamp is applied.

Although the amount of nitrogen affected by this decision is extremely small, the hiatus gives players an excuse for the fact that sales are still slow, and that farmgate prices for imports after Christmas are generally not available.

With the majors still hoping for business before Christmas, the current (November) price has been run on into December for both nitrogen and compounds.

The anticipated 2/t rise per month still looks likely from January onwards.

The result is that deliveries to farm are picking up, but not yet in sufficient volume to forestall the fear of logistical problems during the usage period.

Meanwhile, Hydro has taken another step towards its goal of becoming a major player in the market for speciality fertilisers by signing an agreement to market its products in Chile.

At the same time, non-core activities within the Hydro agri group are being sold off.

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 110-113 110-113 Granular 115-120 New season; around 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=UK79.18p; US$1=UK70.18p on 29 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