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UK fertiliser buyers have been slow to order spring nitrogen, with about 20% of the arable spring nitrogen market and up to 60% of grassland still unbooked. Urea is trading at £248-255/t delivered and UK-produced ammonium nitrate is available at a flat price through April.
Late ordering and a possible delivery squeeze in spring could lift UK delivered nitrogen prices, while firm urea markets suggest autumn prices will not fall early.
fwi.co.ukSuzie HorneMar 1, 2018After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
