•    Urea prices continue to trade upwards and are now all set to trade higher in the months ahead.

 ·      The US market has finally woken up and is now competing hard to secure tonnage to meet increased spring demand.

•    The announcement on a Chinese fertiliser export tax has yet to happen but confirmation is expected within days.
•    The Nitrate position in Europe remains extremely tight with AN producers in France sold out for November and yet to announce terms for December.
•    Yara`s Nitrate plant in Ambes is on turnaround and sources are now suggesting that production will remain down for another 2/3 months, this will only help producers to continue to increase prices further.

 ·      In the UK, demand for nitrogen is all set to increase year on year by 10% as both winter wheat and OSR areas have increased.

 ·      Lithuanian Nitrogen, the only real alternative product to UK, is available but Achema the producer has adjusted prices sharply higher for January.

 ·      Phosphate and Potash markets continue to firm supported by a bullish grain market.