Brazil: AN prices breach $700/t CFR but buyers cautious

摘要

Prices for AN into Brazil edged higher as climbing urea prices and uncertainty over Russian AN exports supported market sentiment, although buyer resistance and some demand destruction is now said by some to be taking root among Brazilian consumers. The price range for AN into Brazil climbed to $685-700/t CFR, with firm bids heard at $700/t CFR after delivered granular urea prices into Brazil moved up to $870/t CFR.