"Phosphates are very, very firm as September supply is nil and demand in the US has increased due to firm corn prices."
No inventories eh? Soil held inventories exhausted ... the spring is loaded. Cotton and sugar prices running hard overnight. Fert demand is going to come strongly for all crop types from now until 2011 ...
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Market Report 16 September 2010
Yara`s new AN price in Europe will be mirrored in the UK and new Nitrogen terms are expected to rise sharply.
Large CAN prices announced in Europe have already been accepted as the nitrate situation continues to tighten.
Granular and Prilled Urea prices have taken off again this week as a resemblance to the 2008 market starts to unfold.
Global demand for all nitrogen products is very firm with low stocks and with the US, Asia, Europe and Sth America all in the market together the market could "run-up" for sometime.
Phosphates are very,very firm as September supply is nil and demand in the US has increased due to firm corn prices.
Potash suppliers have suddenly taken a more aggressive stance on pricing due to good market sentiment and rises in the Nitrogen and Phosphate sectors.
www.gleadell.co.uk
latest fertiliser report 16th september
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