UAN: Bearish sentiment continues

摘要

Bearish sentiment prevails across UAN markets with prices remaining at the lowest since late 2009. Downwards price pressure is most evident in Europe and is unlikely to change in the coming months as around 200,000 mt UAN from the US floods the market between June and August. Suppliers will be competing for limited remaining prompt demand in Europe. Current Rouen prices are holding steady at $132-135/mt FCA.