Fert makers under pressure for November price

OCTOBER’S NITROGEN price remains unchanged, but supplies are limited and manufacturers already find themselves under pressure to issue a November price.


Although there is no stampede to buy nitrogen, merchants and salesmen are anxious to ensure that regular early buyers are covered.


But such is the volatility of raw material prices – particularly gas – that manufacturers are not keen to commit.


The autumn is, of course, the period when gas spot prices start to move from a summer low towards the winter peak.


Importers are also playing a waiting game, until prospects for the spring price become clearer. Cargoes are expected before Christmas and availability is improving.


Not surprisingly, farmers are currently preoccupied with harvest, the size and quality of which together with subsequent planting volumes will be the next indicators for this season’s nitrogen market.


The question is whether the prospect of a spring nitrogen price in excess of £160/t will significantly alter sowing patterns.


Agronomic calculations suggest it should not, but there are concerns that £160/t is perilously close to what the market will stand.


Real prospects for the 2005/2006 season will only start to emerge once autumn sowing patterns are known, but it will be the later-buying grass farmer who will be hardest hit.


CURRENT PRICES (£/t)


Great Britain

























Straight


Domestic N (34.5%N) SP5

Oct £152-155

Imported AN 
Lithuanian & Bulgarian


£135 where available


Imported urea



£195 granular
£195 prills (where available)


Liquid UAN
37kg/100litres (29.6%N/t)


No market


TSP (47%P2O5)


£145


Muriate of Potash(60%K2O)


£133



















































Compound


 


Complex


Blended


25.5.5


£144-147


From £138


15.15.20


£163-168


 


20.10.10 / 27.5.5


£147-149


From £140


17.17.17


£168-173


 


Aftercuts NK


 


£144


27.6.6 (imported)


 


 


32.5.0 (imported)


£136-138

Autumn grades (PK)

 


£133-135
















Trace elements

Copper, zinc, selenium,
cobalt Iodine and sodium

£11.10/acre pack





Ireland







































Straight and compound


 


Northern Ireland


Republic of Ireland†


Urea

No market No market
CAN £132 €162+

24.6.12 aftercut*


No market


No market


25.5.5


£152


 


27.6.6 complex**


£162


€230-245+ (CCF)
€230-235 import blend


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.
*Known as 24.2½.10 blend in the Republic of Ireland
**Known as 27.2½.5 in ROI


Note All illustrated prices are based upon 24 tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.


Source: Bridgewater

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