Urea application season in full swing

摘要

Granular urea application is in full swing; however, new order activity has been surprisingly slow. Buyers and farmers are holding off from restocking as on the belief that prices could be coming down. The euro has stabilised on a low ?1 to $1.132 on 11 February, after the recent sharp drop from $1.214 on 1 January, which drove up import prices. Helm’s Seferis, carrying 5,500 t granular urea from Algeria arrived in Seville on 11 February. Prilled urea prices have remained unchanged at around the ?335 fca ex-factory level that Fertiberia is selling at, with limited interest from farmers. Fertiberia circulated an inquiry for 5,000 t prilled urea but apparently decided not to buy at this time. Various traders were seen checking the freight market against this inquiry.