*Longzhong Fertilizer Industry Chain Morning Report 2025-6-13
❤Sulfur: Yesterday, the domestic port spot market showed weak downward movement, with price range reference at 2250-2270 yuan/ton, mainstream reference price dropping 10 yuan/ton from the previous day. After news spread of a major refinery’s sales tender result at 2113 yuan/ton, panic sentiment spread in the market, coupled with violent fluctuations in electronic trading in the afternoon, putting downward pressure on the market. Domestic resources mainly operated steadily, with widespread auction failures at Shandong refineries’ sales tenders, with transaction prices mostly around 2250 yuan/ton. Approaching the weekend, the spot market is expected to mainly consolidate.
❤Urea: Yesterday, the domestic urea market continued weak operation. Some factories began lowering their quotes under inventory pressure. Market prices broke previous lows, but increased concessions had limited appeal to downstream buyers. The market currently needs clear positive news guidance. The fundamental supply-demand imbalance is becoming increasingly obvious, with prices expected to retreat from high levels in the near term.
❤Synthetic Ammonia: Yesterday, the synthetic ammonia market weakened and declined. With previously shut-down units gradually resuming operation, market supply capacity is sufficient. Considering no new positive support from downstream demand, synthetic ammonia market is expected to have further downside space in the short term.
❤Melamine: Yesterday, domestic melamine prices in some regional markets continued to soften downward. Companies faced shipping pressure and flexibly adjusted prices based on their own shipping conditions. Downstream demand was weak and sluggish, end-users showed pessimistic sentiment. Without positive guidance in the short term, the market trend may continue to remain relatively weak.
❤Ammonium Sulfate: Yesterday, the domestic ammonium sulfate market mainly consolidated, with average high-level transactions. Currently, international market transaction prices haven’t broken through, market gaming sentiment is obvious. Considering domestic prices remain firm, exporters mostly maintain prices for shipments. Short-term market expected to mainly fluctuate on the strong side.
❤Ammonium Chloride: Yesterday, the ammonium chloride market operated weakly. Downstream compound fertilizer factories had just-in-time restocking needs but low purchasing enthusiasm. Most ammonium chloride factories currently ship on a case-by-case basis, with some inventory rising. Demand is difficult to improve in the short term, ammonium chloride market still has potential for decline.
❤Phosphate Fertilizer: Yesterday, the domestic monoammonium phosphate market maintained weak consolidation. Hubei 55% powder mainstream ex-factory price around 3350 yuan/ton, actual transactions remained negotiable. Downstream compound fertilizer plant operating rates continued to decline, raw material purchasing was inactive, new order follow-up was weak, maintaining deadlocked wait-and-see consolidation operation in the short term. Yesterday, the domestic diammonium phosphate market continued consolidation trends. Raw material prices weakened but cost support still exists, company ex-factory prices remained mainly stable. Market trading atmosphere still appeared light, downstream only maintained small just-in-time purchases, actual transaction follow-up was limited, market maintains consolidation operation in the short term.
❤Potash Fertilizer: China’s potash fertilizer 2025 annual contract finally emerged, reaching agreement with international suppliers at CFR $346/ton, $3 lower than India’s contract price. Domestic market inquiries increased slightly. Potassium sulfate market trends were relatively flat, overall transactions not active, shipments slow.
❤Compound Fertilizer*: Yesterday, the domestic compound fertilizer market showed weak-stable consolidation. Major upstream raw materials were stable to slightly weak, providing insufficient support for market sentiment. Additionally, downstream demand gradually weakened, with some companies continuing to offer concessions for transactions. Short-term compound fertilizer market weakness is expected to persist, with some negotiated transactions.
There are only a few enterprises that are scheduled for maintenance, and occasional short-term malfunctions have been reported.
IV. Analysis of Today's Market Trend
In today's mainstream regions, the price of urea has continued to decrease, with the lower end of the market around 1,650-1,670 yuan per ton. As market sentiment improves, there will be a reasonable amount of transactions at this lower price point. However, based on the short-term fundamentals in China, the current market situation still needs to endure difficulties for another ten to fifteen days, waiting for some substantial positive developments to emerge.
-UREA MARKETS ARE IN A HOLDING PATTERN AWAITING VOLUME AND PRICE DISCOVERY EXPECTED EARLY NEXT WEEK FROM 23 BIDS SUBMITTED ON JUNE 12TH
-PROCESSED PHOSPHATE PRICES FOLLOW AN UPWARD TREND DUE TO LACK OF AVAILABILITY WITH CHINESE EXPORTS STILL RESTRICTED
-POTASH PRICES LARGELY UNCHANGED THIS WEEK DESPITE SOME CONTRACTS SIGNED BETWEEN CHINA AND RUSSIAN SUPPLIERS AS WELL AS MOVEMENTS IN CONTRACTS ON INDIA
-AMMONIA PRICES ARE MOSTLY UNCHANGED DUE TO LACK OF SPOT PRICE DISCOVERY
The international urea market has been in a holding mood awaiting the 1.5 million MT west coast India tender closing on June 12th for shipments no later than July 31st. At the time of writing this report India's NFL received 23 confirmed bids but volumes or prices are not expected to be announced until earliest Monday next week, possibly Tuesday. Rumours have it that the lowest number could be less than USD 380 PMT CFR for L1 with origin suspected to be of sanctioned origin. At this point all is speculation thus we need to wait for confirmation on the official prices.
Concurrently, and some would say conveniently, a sale was reported at USD 391 PMT FOB Middle East for a cargo of 30,000 MT granular urea destined for Australia. Fortunately, the east southern part of Australia received decent rains over the past few days thus farmers would most likely flock to warehouses and secure cargo for immediate application albeit late in the application season. Other than this Dangote announced a tender for 2 x 30,000 MT with shipment at the end of June and price could possibly be in line with current levels and in line with Indorama selling a cargo in the low USD 390s PMT FOB last week. Brazil CFR levels are offered at around the USD 400 PMT CFR levels against bids of USD 390 PMT CFR. The season in Brazil has yet to commence its major buying but edging closer and it is reported that Brazil is significantly behind regular buying at this time of the year vs last year due to concerns of affordability.
Iranian Lordegan is reported to have sold 30,000 MT of granular urea at USD 345.60 PMT FOB below the announced floor of USD 350 PMT FOB. Ethiopia has delayed its buying tender for 250,000 MT until June 16th.
Chinese urea is rumored to be entering the export markets clearing CIQ processing with a floor price of USD 370 PMT FOB for granular urea and USD 360 PMT for prilled urea. Some reports indicate that prilled urea has changed hands sub USD 360 PMT floor price at their own peril.
Malaysian spot selling has been limited this year with repeated technical issues at aging plants and exports January – April at 654,000 MT are ahead of 613,000 Y/Y with Thailand and Chile each taking 33,000 MT and the Philippines at 28,000 MT. Chinese prilled urea is struggling to find support even at USD 345 PMT FOB which is USD 15 PMT below the floor price set by the government.
The outlook for urea prices will hinge on the price discovery in India and unless a "wild" low number emerges the prices should as a minimum remain at current levels.
The international processed phosphate market is replicating itself from every week over the past 6 months with ever higher prices week on week due to lack of availability with Chinese production still being absent from the market. The current MAP price in Brazil is USD 730 PMT CFR with producers looking for higher prices but Brazilian buyers are resisting due to concerns over affordability. However, with China restricting exports of NP(NPS/SSP buyers in Brazil will again be looking towards higher value processed phosphates on the back of an expected bumper soybean crop thus prices are most likely to increase. The flip side of this is that the more soybeans the lesser the price of soybeans the lesser the demand for high priced processed phosphates!
Imports of P2O5 in Brazil for the January-March period was 884,098 MT vs 698,351 MT Y/Y, an increase of 27%. Full year imports of the same were 4.77 million MT down 1.6% Y/Y but 23% higher than the 10 year average 3.87 million MT.The Argentina MAP assessment was up at USD 755-765 PMT CFR this week vs USD 750-755 OMT CFR last week with even higher prices indicated on July cargoes.
India appears to be heading towards USD 800 PMT CFR for DAP with the last offers at USD 780 PMT CFR vs last done at around the USD 752-762 PMT CFR range, this USD 22 PMT up week on week and USD 155-160 PMT above the current break-even based on the prevailing MRD and NBS prices and subsidies. In the last 10 weeks the India CFR price has increased USD 113 with imports of 1.3 million MT of DAP through June 5th.
Prices in SE Asia are around the USD 750-760 PMT CFR and to date Thailand and Indonesia combined have imported 100,181 MT vs Y/Y 22,262 MT. OCP of Morocco leads the imports at 56,710 MT followed by Vietnam at 41,705 MT. Prices are expected to keep going up over the next few weeks with increased demand and lack of availability although affordability could come into play.
Global potash prices remained largely stable in quiet trade, with all eyes on China after a group of importers signed the 2025 import contract with Russia’s Uralkali at $346/t CFR this week, and the market is keeping a close watch on its impact on the southeast Asian markets. With low inventory at ports and strong import demand in the first half of the year in China, the latest 2025 contract was settled only slightly lower, or $3/t below the India contract, sources said. However, prices were unmoved immediately after the announcement was made on 12 June, while prices had begun their decline in the domestic Chinese markets earlier in the week and ahead of the contract settlement. Wholesale MOP prices at Chinese ports slipped to RMB2,950-3,150/t FCA, falling from last week's assessment of RMB2,950-3,250/t FCA. In other Asian markets, standard and granular prices were unchanged as demand remained subdued. Most buyers in Indonesia and Malaysia have already secured required supplies, leaving activity in the market largely muted, sources said. Standard MOP prices were unchanged at $335-355/t CFR and granular MOP prices were flat for the fifth straight week at $360-370/t CFR. In Brazil, prices were also unchanged but held firm due to tight spot supply. Offers were heard in the range of $365-370/t CFR but no deals were reportedly concluded at the upper end of the range. Buyers also hesitated to purchase supply at higher levels, leaving the market unchanged. The outlook for prices are slightly bullish over the next couple of months.
Ammonia benchmarks on both sides of the Suez were little changed again this week amid a seemingly balanced supply-demand outlook, although those of a more bullish persuasion continue to support the notion that prices will soon – if they have not done so already – reach a floor.The outlook appears balanced on prices for the most part, although more bullish participants seem to be holding sway over market sentiment.
The EU has now formally adopted new tariffs on remaining Russian and Belarus agricultural products, as well as on a range of fertilizers. The regulation, implementing the tariffs, enters into force on 1 July. The new tariffs add an additional €40/t on imports of most nitrogen fertilizers — including urea, amsul, AN, CAN, and UAN — from Russia and Belarus, beginning on 1 July. They also add €45/t to the import of DAP, MAP, NPKs, NP and some other grades. The new tariffs are additional to already-existing import tariffs to the EU. For most grades from Russia these import tariffs are set at 6.5pc. From 2026 until 2028 the rates increased to reach levels of €315/t and €430/t respectively for the two product groups.
The legal text also foresees immediate application of the highest rates, if cumulative imports exceed 2.7mn t in 2025-2026, 1.8mn t in 2026-2027, or 0.9mn t in 2027-2028
On June 12, 2025, the China Potash Imports Negotiating Group (Sinochem, Zhongnong, Zhonghai Chemical) and Food Safety Supply Chain Co., Ltd. (Dubai) reached an agreement on the price of the 2025 annual potash import contract, with the contract price at USD 346/ton CFR.
As of June 12, 2025 (the 24th week), China's urea port sample inventory: 245 thousand tons, an increase of 45,000 tons, an increase of 19.51%. This cycle Yantai Port, Tianjin Port, Jinzhou Port supply of large particles and Zhenjiang Port, Huanghua Port supply of small particles gradually to the port, the rest of the port did not see significant changes, the overall port inventory has improved.
China's urea sample port large pellet inventory is 189 thousand tons, an increase of 29,000 tons compared with the previous period, the trend is obviously rising. The main reason: this cycle Yantai Port, Jinzhou Port, Tianjin Port sporadic supply of large particles to the port, the rest of the port did not change significantly, the total urea large particles port library has increased.
The stock of small particles in China's urea sample port was 56,000 tons, an increase of 11,000 tons from the previous period, indicating an upward trend. The main reason: Huanghua Port, Zhenjiang Port supply of small particles have arrived at the port this cycle, the total number of urea small particles in the stock ushered in an upward trend.
Weekly FOB prices
UREA
Prilled Urea(Bulk): FOB $355
Granular Urea(Bulk):FOB $370
Automotive Urea(Big Bag): FOB $375
Amsul
Ammonium Sulfate (Capro grade):160(Bulk)-Tianjin Port or FOB $156(Bulk)River Port
Ammonium Sulfate (Mixed grade Granular):FOB $168(Bulk)-Tianjin Port
Ammonium Sulfate (Capro grade Granular):FOB $175(Bulk)-Tianjin Port
Phosphate
MAP11-44: FOB580 (Bulk)-Zhenjiang Port
TMAP: FOB1030 -Tianjin Port
NP 20-20 : FOB $375 (Bulk)-Tianjin Port or Nanjing Port
Water Soluble
Calcium Nitrate Granular: FOB $175(Container/Break Bulk)-Tianjin Port
Financial Options: we can offer credit terms of 30-120 days for long-term stable clients. The interest rate will around 6% (annualized)
Pesticides:
Glyphosate prices rose slightly, the industry's production restriction and price guarantee market spot supply was tight, low-priced sources were reluctant to sell, affected by the product's own fundamentals, the cost-side impact was short-lived, and high-level resistance grew, and downstream only maintained short-term procurement.The main factory quote for 95% glyphosate is between 2,600 and 24,000 yuan / ton, and the main factory quote of glyphosate between 45,000 and 46,000 yuan = ton, and actual sales are all negotiable.Nicosulfuron EXW price 168 thousand yuan / ton, diquat factory temporarily not offer, market reference 175-18,000 yuan / ton; The market for cyanofluorethane remained stable, with transaction prices concentrated at 10.7-11 million yuan / ton, and new orders for amphetamine reached factory prices of 300-400 yuan a ton. Endocrine factories are closed for the time being and the market lacks clear guidance.
Industrial ammonium chloride:
The market for industrial ammonium phosphate remained weak yesterday; The mentality of the traders is general, there is a dumping behavior within the field, the follow-up of new orders is poor, and the transaction is mostly done at the low end price. At present, the average price of 73% of the mainstream market of industrial grade ammonium phosphate in China is referenced to 6425 yuan / ton, which is based on actual negotiations; The short-term ammonium manufacturing market continues to operate weakly, and the market still needs to pay attention to market demand and upstream raw material conditions.
The cathode material:
The cobalt lithium market was stable in the previous working day, and the cost side was unchanged, and the profit of cathode materials was flat from the previous month. It is expected that in the short term, cathode materials prices will be mostly volatile in multiple areas, and market trading will not change. At present, most head cathode material enterprises produce steadily, and small and medium-sized enterprises produce on a single order; Due to the growth rate of orders of downstream power core companies less than expected, a limited increase in cathode material supply is expected in June.
Hydrogen peroxide:
Yesterday, the center of gravity of hydrogen peroxide market rise in a narrow range. Northern supply fluctuated narrowly, product volumes decreased along the Lubei and Central areas, the main water companies' intention to explore for higher prices was strong, stockpiles were under control, the use of the main downstream hexaneamide and paper mills was stable, and trading was still acceptable. Anhui plant starts are basically stable, some shipments are not good, and the industry is watching steadily for a while. It is expected that the main production areas in the north will increase slightly in the short term, and the main production regions in the south will operate mainly steadily.
Titanium white powder:
Yesterday, the domestic titanium dioxide market adjusted downward. The market trading atmosphere is slightly dull, the demand side is relatively weak, market shipments are not good, some titanium companies and traders continue to follow their own conditions and talk mainly, and the market standstill and game atmosphere is thick. At present, the main factory prices for titanium dioxide are 13000-14300 yuan / ton for gold and redstone type, 11180-2400 yuan a ton for sharp titanium type, and 1480-16800 yuan annually for chlorination. The actual transaction order is mainly negotiable.
Today's market analysis
At present, the mainstream area of the factory 1700 yuan / ton has been unable to hold, may be in the past two days.Next, which price to stabilize, may be lower buffer, but to stabilize the rebound, on the one hand, it needs time, on the one hand also depends on the policy, look at the promotion of macro sentiment.
ASIA
China – low/mid-$290s max
India – $290 CFR offers
Indonesia – $290s CFR offers
MIDDLE EAST
Mid-$270s FOB AG discussed.
AMERICAS
CMOC tender awarded low/mid 290s CFR, ex FSU
$280 FOB USG discussed; 270-285 West coast US discussed
On June 11, 2025, the total inventory of China's urea enterprises was 1,177,100 tons, an increase of 141,700 tons from the previous week, an increase of 13.69%. In this cycle, domestic urea
Enterprises continue to rise, market sentiment is weak, industrial demand is declining, agricultural demand is advancing tepidly, resulting in poor shipment of urea factories. Export is relatively concentrated.
Slowly, the overall contribution to the warehouse is low. Among them, the provinces with increased enterprise inventory are: Gansu, Hebei, Hubei, Jiangsu, Inner Mongolia, Qinghai, Shanxi, and Xinjiang.
Provinces with reduced inventory: Anhui, Heilongjiang, Liaoning, Ningxia, Shandong.
Morning. Int'l paper still largely range-bound in lead up to NFL tender close, but slightly softer values seen on July AG & Brazil y'day. Nola mkts particularly active; Urea trading June through Q1, while Q3 DAP traded $710, w/ Sep at $5 premium.
AG
Jun $378//$390
Jul $377//$385 – traded $380
Aug $377//$385
cfr Brazil
Jun $393//$398
Jul $391//$400 – traded $391
Aug $389//$403
Egypt
Jun $390//$405
Jul $380///$395
Aug $380//$392
Q4 $370//$390
Nola
Jun $355//$360 – traded $357
Jul $355//$362
Aug $359//$362 – traded $359
Sep $357//$365
Oct $360//$370 – traded $370
Q3 $358//$366
Q4 $358//$370 – traded $365
Q1 $350//$365 – traded $360
UAN Nola
Jun $315//$335
Aug $235//$270
Sep $235//$270
DAP Nola
Jun $690//$705
Jul $700//$715
Sep $715//$720
Q3 $710//$720 – traded $710
Q4 $6675//$700
Q1 $650//$670
MAP Brazil
Jun $725//$740
Jul $722//$740
Aug $715//$732
Here is the English translation of the Chinese fertilizer industry chain morning report for June 11, 2025:
*Longzhong Fertilizer Industry Chain Morning Report 2025-6-11
❤ Sulfur: Yesterday, the domestic port spot market showed a narrow decline, with price range reference of 2,280-2,290 yuan/ton, and mainstream reference price down 5 yuan/ton from the previous day. Puguang Wanzhou reduced prices by 80 yuan/ton to 2,400 yuan/ton. Large refinery sales tender results fell 135 yuan/ton compared to the previous period, suppressing market confidence and intensifying disagreements between buyers and sellers on future price trends. Domestic resources showed an overall downward trend. To stimulate shipments, major refineries in various regions made significant price cuts ranging from 50-150 yuan/ton. With lack of directional market signals in the short term, spot market consolidation is expected to be the main trend.
❤ Urea: Yesterday, domestic urea market transactions were weak, with prices continuing weak operations. Combined with continued downward futures trends, market sentiment cooled, with mostly wait-and-see attitudes in the market. New orders were mainly sporadic just-in-time demand. In the short term, prices are expected to operate in a temporarily weak-stable pattern.
❤ Synthetic Ammonia: Yesterday, the synthetic ammonia market showed regional differentiation with mixed price movements. The current synthetic ammonia market faces intertwined positive and negative factors. Operating fluctuations of production units within regions affect supply-demand balance in surrounding markets, with ammonia plants adjusting pricing strategies more flexibly based on their own shipment conditions. Overall, synthetic ammonia market is expected to operate with narrow fluctuations in the short term.
❤ Melamine: Yesterday, the domestic melamine market operated mainly in weakness. Domestic demand was sluggish, and raw material urea prices loosened downward. Market participants showed strong wait-and-see sentiment, with prices potentially having further downward space.
❤ Ammonium Sulfate: Yesterday, the domestic ammonium sulfate market showed narrow upward exploration. Henan coking tender prices probed slightly higher, with suppliers maintaining prices for shipments. However, international market inquiries remained stable with no price breakthroughs. Market gaming sentiment was obvious. With no clear positive stimulation in the short term, small fluctuation trends are expected to continue.
❤ Ammonium Chloride: Recently, ammonium chloride market transactions were weak, with downstream compound fertilizer companies showing low enthusiasm for receiving goods. Some ammonium chloride factories saw inventory increases. Currently, with price cuts stimulating downstream purchasing intentions, short-term ammonium chloride market prices are expected to operate weakly.
❤ Phosphate Fertilizer: Yesterday, domestic monoammonium phosphate market overall demand remained weak. Hubei 55 powder mainstream ex-factory price around 3,350 yuan/ton with transactions maintained through negotiations. Downstream new order purchases followed up limitedly, with both buyers and sellers maintaining wait-and-see attitudes. Short-term continuation of stalemate consolidation operations with flexible narrow price adjustments. Yesterday, domestic diammonium phosphate market continued stalemate observation, with company ex-factory prices showing no obvious changes temporarily. Demand side performance remained sluggish, with downstream maintaining only just-in-time purchases and insufficient new order follow-up. Short-term market continues sideways consolidation pattern.
❤ Potash Fertilizer: Domestic potassium chloride manufacturers temporarily continue previous pricing policies without new changes, but most industry insiders are still waiting for news of China’s potash fertilizer major contracts. Currently, market potassium chloride prices show obvious declining trends. Mannheim potassium sulfate 52% powder ex-factory prices mostly at 3,550-3,700 yuan/ton, with obvious price differences.
❤ Compound Fertilizer*: Yesterday, domestic compound fertilizer market continued consolidation trend. Current upstream raw material price trends are weak, affecting compound fertilizer cost trends. Downstream wait-and-see sentiment increased, market operations weakened actively. Currently summer fertilizer is ending, demand is difficult to support compound fertilizer shipments. Short-term low-end compound fertilizer transactions increased, with some trading centers shifting downward.
Today's market analysis
Today's domestic urea market is weak and stable, with most quotations temporarily stable, but pressure still exists. According to the increase in inventory in the main region and the shipment of orders, it is likely that prices will be loosened downward around the end of this week. The Indian tender tomorrow can only be said to be a slight boost to sentiment.
Spot market analysis:
Today, the domestic urea market price continues to be weak, with high supply and weak downstream demand, market sentiment tends to be cautious, urea price focus is loose and down, short-term market transactions are obviously guided by sentiment, and the market continues to be dominated by narrow fluctuations.
Specifically, the price in the Northeast region has been lowered to 1,900-1,950 yuan/ton. The price in the East China region has been lowered to 1740-1820 yuan/ton. The price of small and medium-sized particles in the Central China region has been lowered to 1750-1970 yuan/ton, while the price of large particles has remained stable at 1900-1940 yuan/ton. The price has been lowered to 1640-1950 yuan/ton in the North China region. The price has remained stable at 1890-1940 yuan / ton in the South China region. The price has remained at 1900-1910 yuan/ton in the Northwest region. The price has remained stable between 1780-2080 yuan/ton in the Southwest region.
Future market prediction:
On the factory side, the recent transaction of new orders is not good, the demand side is weak, the factory is under pressure to deliver goods in a short time, and the waiting support is weak. On the market side, the sentiment of the industry is weak, the pace of transaction is slowing down, the market situation continues to decline, and the current market transaction is mostly at low prices, but the volume is limited. After the price adjustment, the market transaction has not seen significant improvement. On the supply side, the utilization rate of urea factories remains high, and the daily production continues at a high level, and the market spot resources are abundant. On the demand side, the downstream industry demand is weak, and the agricultural demand shows a seasonal weakening trend. The demand is mainly low-priced purchases, and the demand side is weakening.
Overall, the high supply and low demand situation in the current domestic urea market is difficult to change, the overall transaction atmosphere is still poor, the market situation is temporarily stagnant, and it is expected that the urea market will improve only marginally in the short term. It is recommended to pay close attention to changes in demand and export policy.
Morning. On Int'l paper yday, Jul/Aug AG found value in low/mid-$380s (up slightly from last week), with bid support at $380, while Brazil paper bids in low/mid $390scfr. Nola urea sideways in thin activity.
AG
Jun $378//$390
Jul $380//$388 – traded $385
Aug $380//$387 – traded $383
cfr Brazil
Jun $394//$400
Jul $392//$402
Aug $390//$402
Egypt
Jun $390//$405
Jul $380///$395
Aug $377//$390
Q4 $370//$390
Nola
Paper:
Jun $350//$360 – traded $360
Jul $357//$365
Aug $357//$365
Sep $362//$370
Oct $358//$370 – traded $365
Q3 $358//$366
Q4 $360//$372
UAN Nola
Jun $320//$340
Aug $235//$270
Sep $235//$270
DAP Nola
Jun $690//$705
Jul $700//$715
Q3 $700//$710
Q4 $665//$685
Q1 $650//$670
MAP Brazil
Jun $725//$740
Jul $722//$740
Aug $715//$73