UAN prices holding but weakness in Rouen UAN

摘要

The UAN markets have been quieter this week with most prices holding, but there was a decline in Rouen values via deals down to ?175-180/mt FCA. While the low end is conceivably a floor, softer sentiment in the US and in Latin America could also result in further deterioration in Europe. However there is still some interest from buyers in France looking to refill storage in the next few weeks. The euro traded as low as $1.09 this week, versus $1.13 a week earlier. Forward prices are inching higher in euro terms gaining ?2-3/mt on the current range for March and April positions.