The latest Gleadell fertilizer market update recounts the week’s developments in the fertilizer markets; there has been a lack of demand in the UK, Europe and around the world, which analysts have put down to macroeconomic problems in several regions. However, there has been speculation that demand could increase within a few weeks, as there are said to be a large backlog of buyers who have yet to commit to purchases.

Global demand for spring application is likely to raise and consolidate prices, which are set to remain stable until the application period is over.

Urea

In Europe, the market still remains relatively unchanged. Overall, the Urea market is stable and there are expectations that the market will see another rebound in the second quarter. Several Baltic producers are under pressure to sell cargoes for February. Meanwhile, Black Sea producers admit sales have declined.

Ammonium Nitrate

With Growhow UK lowering their AN price last week, very little has changed with imported AN. Levels being traded and seen on farm are unchanged this week and, as grain prices continue firmed, so could the price of Nitrogen.

Sulphur

The European/UK sulphur market remains stable/firm with a healthy demand in all areas.