Quiet week across nitrates with little price movement

摘要

Trade in UAN was reported fairly slow this week. In France few new prompt UAN-30 sales were fixed at ?228-230/mt FCA owing to limited demand as farmers use up existing stocks. Abu Qir will try again to sell 25,000 mt UAN-32 as it closes a new tender April 21 for prompt loading. This follows a sale of just 4,000 to Ameropa marginally below $210/mt FOB last week. The supplier is likely to encounter similar difficulties in selling this latest cargo given most buyers have previously secured tonnes required for the current application season in Europe. Potential sales to the US also would require a lower price tag given recent offers around $255/mt CFR and bids below $250/mt CFR for the Atlantic Coast.