By Roger Chesher

NITROGEN business has now slowed considerably and the August price, due to close on Friday (24), has been allowed to run for slightly longer than expected.

The September price should come into play next week and it will almost certainly incorporate a rise of 2/tonne.

While imported granular urea sales have been brisk, sales of imported ammonium nitrate are not widely mentioned, apart from the de-stocking “sale” of older material previously reported.

But sales of domestic AN have been very good, ahead of last year, indicating confidence that prices will rise, and possibly increased volume for the season.

Grassland NPKs are selling steadily, picking up on the disastrous end of the last fertiliser season, which runs from July to June each year.

New prices for this compound sector are not expected until October.

The autumn PK market is becoming busier, but is said to be more spread out than usual.

It could be that more farmers are turning towards spring applied NPK, a trend encouraged by both Kemira and Hydro with “M24” and “Incrop” products, or growers may be taking a PK “holiday”.

0.24.24 has been trading as low as 108/t on farm, but the trend is upwards as blenders strive to achieve a reasonable margin.

Expect to pay around 112/t from now on, and add 10/t for five units of nitrogen.

CURRENT PRICES

New-season nitrogen (SP5) 34.5% September 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
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
118 112-114 125 122

 

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=UK80.19p; US$1=UK69.34p on 24 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