By Roger Chesher

THE early buyers nitrogen market is undoubtedly very active at present, more so than has been experienced for many months.

This has injected a little optimism into the marketplace and encouraged liquid nitrogen buyers to request prices to fill their tanks in anticipation of a higher spring price to come.

Tank fill will be around 120/t cash for 37%N on a W/V basis.

It is still perhaps a week or so too early for a September price for solid ammonium nitrate to be published.

Assuming the majors wish to go into October with a 4/t hike, which is logical, it would seem sensible to split this, 2/t in September, 2/t in October.

PK prices, indeed all prices, are unchanged at present. The PK market is still rather slow, with some pundits questioning if farmers are tempted to have a PK holiday for a second year.

Agronomically this would not be a good idea and the most likely explanation would be another just in time spot market.

Agronomy is playing a significant part in the storage market, as interest in Sulphur is very strong.

Selenium is also creating interest in specialist livestock grazing areas. The mid-season grass market is slowing and new prices are anticipated in October.

CURRENT PRICES

New-season nitrogen (SP5) 34.5% September domestic nitrogen Imported urea (if available) Imported AN Blended 20.10.10 and 25.0.16 Blended 25.5.5 Liquid nitrogen, 37kg/100l or 29.6% N/t
August 110-112 112-114 Granular 115-120 88 ex-dock
94-98 delivered
113-115 107-113 120
NPK August, pay cash NS products
Complex 25.5.5 112-118 110-112
15.15.20 No market
20.10.10/29.5.5 118-120
17.17.17 No market
After-cut NK cash 0.24.24 TSP (47% P2O5) bagged Muriate of Potash (60% K2O) bagged
118 110-114 125 122

 

IRELAND
Forecast prices

  Urea

CAN

24.6.12

0.16.36

Complex compounds
27.6.6

Northern Ireland No market 110 130-135 No market 130
 

CAN

24.21/2.10

Urea, imported

27.21/2.5

Republic of Ireland* 140-145 175 No market 170-175

*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=UK78.55p; US$1=UK70.62p on 8 August

     

    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