• Urea prices remain firm. In the US where they are still playing catch up, values have firmed almost $20 over the last week.
• Egyptian manufacturers have rejected further December bids and are almost sold out. They are expecting to post higher values for Q1 2011 sales.
• In the UK, the Urea market is quiet, but this product is still the most cost effective Nitrogen product so will be viewed by many as the best first dressing option.
• We expect demand will pick up as January approaches.
• December allocations for UK Ammonium Nitrate are almost complete. January terms are £310 delivered.
• Lithuanian AN is available, guaranteed to spread 24 M by SCS. This should be considered as a replacement for UK product.