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UAN prices kept falling across Europe and Asia through March 2024 as ammonium nitrate and ammonia costs declined. Weak demand, cold and wet weather in northern Europe, and farmers delaying purchases added to the downward pressure.
Falling feedstock costs and weak demand are pushing nitrogen prices lower, which lowers input costs for feed grain producers. Buyers may find cheaper nitrogen in Europe and China, though the trend depends on whether demand picks up.
chemanalyst.comPeter SchmidtApr 12, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
