Fertiliser trade waits for movement


By Roger Chesher


FERTILISER prices have hardly changed this week, but the trade anticipates significant movement on to farm will start in the next week or so.


With farmers having every opportunity for drilling and spraying, fertiliser is understandably not a high priority.


But all parties in the industry – manufacturer, importer and merchant – want to see early movement, and price lists are structured to encourage this.


There is therefore every reason to expect considerable sales before Christmas.


However, imports are being hindered by the delay of the expected ratification of the anti-dumping levy, leaving some importers unwilling to commit.


There are certainly enough cargoes to go round, but those already at our ports or due to arrive shortly will cost importers money in storage until the anticipated farm movement commences.


Imported AN should currently be on farm at around 98/t.


Meanwhile, rationalisation continues in the UK industry, with a reorganisation at Kemira.


Potentially still for sale, the Cheshire-based business has released members of the senior management team to early retirement, thus shortening reporting relationships and reducing fixed costs.


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 113-115


No published price; expected 115-118


Granular 115-120

New season; around 99-103

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=UK78.06p; US$1=UK69.69p on 15 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

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