By Roger Chesher

WITH many people in the fertiliser industry still on holiday, and farmers recovering from the freeze, it is not surprising that little, if any, product is currently moving on to farm.

The big price hike of 6, making domestic nitrogen 130/tonne, stands firm and inevitably there is a fair degree of price resistance in the marketplace, with an increased interest in imported material.

Imported AN is around 112/t on-farm where available, but with the Baltic countries still enjoying their winter break, further supplies of bagged material are not expected until February.

The price could well be higher then, as urea prices have shot upwards by $20/t in the last two weeks, mollified somewhat by the Sterling exchange rate going from $1.45 to $1.51.

World nitrogen producers are therefore slow to offer forward prices in the hope that AN will rise with urea.

February should see a change in the anti-dumping levy rate which European producers would like to see increased, but with pressure from importers and the farming lobby it could well stay exactly the same.

Most players in the industry agree that the UK manufactured nitrogen prices will stick, but with farmers holding off in the hope of a price fall, deliveries will become more difficult.

The spring logistical situation seems to get worse each year and, while this year there is little doubt all product will be delivered, there is no guarantee it will arrive when farmers actually want it.

CURRENT PRICES

New-season nitrogen (SP5) 34.5% Anticipated spring price nitrogen Imported urea (if available) Imported AN (new season) Blended 20.10.10 and 25.0.16 Blended 25.5.5 Liquid nitrogen, 37kg/100l or 29.6% N/t
January 130 February 132
March 134
Granular 140-144
Prilled 130
112
118-120 (March)
118-120 115-118 No market
NPK January, pay cash February, pay cash April, pay cash (forecast)
Complex 25.5.5 126 128 134
27N30S 132 134
20.10.10/29.5.5 129 131 137
17.17.17 146 148 152
After-cut NK cash 0.24.24 TSP (47% P2O5) Muriate of Potash (60% K2O)
118 106-115 130 122

 

IRELAND

  Imported urea

CAN

24.6.12

0.16.36

Complex compounds
27.6.6

Northern Ireland Not available 120-125 No prices No market No prices
 

CAN

24.21/2.10

Urea, imported

27.21/2.5

Republic of Ireland* 145 180 Not available 177

*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=UK80.32p; US$1=UK66.40p on 03 January

     

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

    Source: Bridgewater Partnership