Market players have started to wind down for the Christmas holidays as buying stalls for almost all products. The main product of interest is urea but even these sales are for small lots only. Sales have been prompted by a slightly stronger euro which peaked at ?1:$1.10 during the last two weeks, up by around 5pc from two weeks ago. The exchange rate shifts, however, are not encouraging any DAP purchases and prices continue to come under pressure having declined again by $10-15/t amid a lack of activity and high stocks.
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