Weak euro bites further into dollar-based UAN returns

摘要

Continued deterioration of the value of the euro against the US dollar still bites into returns to sellers into the EU with UAN positions priced in dollars. The European currency is quoted at $1.32 against the US dollar today. Returns to Black Sea producers on recent business are assessed no higher than $165/mt FOB for FSU product, and only marginally higher for Romanian origin.