Loading…
COFCO's UK fertiliser update says nitrogen activity is subdued during harvest, with UK ammonium nitrate up £2/t and urea digesting an Indian tender without a clear downward correction. Phosphate prices are rebounding as availability from key US producers tightens, with DAP already moving up and TSP expected to follow.
The note also flags uncertainty at Belarus Potash Corporation that has led some major potash producers to review spot prices.
Tighter phosphate availability and possible potash spot repricing raise input costs for feed mills and mixers that rely on mineral and phosphate-based ingredients. Urea stability suggests nitrogen costs are not easing despite seasonal slowdown.
uk.cofcointernational.comNick MajorSep 1, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
