European NPK market sees little activity

摘要

Buying remains slow in the European NPK market but suppliers expect activity to build up towards the end of March and into April. Weak oil and wheat prices, euro depreciation, high levels of stocks and apprehension on the farmers' buying side have all impacted NPK demand and even reduced prices are failing to attract buyers. Indications for current Baltic NPK 15-15-15 and 16-16-16 prices are stable at an FOB level, $330-340/mt and $340-350/mt respectively but these prices are only for small levels of product and deals are very hard to come by. Some sources have said they could reduce prices further to spur on activity.