Chinese UAN on offer around USA (do not know CFR value, I don’t think can find a buyer)
Plenty of Chinese UAN in all markets
Morning. Int'l paper values largely pegged last week, while Nola urea saw support return, with Q1 months trading up into the 360s. Mkts framed end of weeki:
AG
Dec $385//$395
Jan $372//$383
_[Jan traded $378-75 last week]_
Feb $370//$380
Q1 $370//$383
Cfr Brazil
Dec $392//$400
Jan $375//$390
_[Jan traded $380 l/w]_
Feb $372//$385
Mar $370//$385
Egypt
Jan $390//$415
Feb $391//$410
Nola
Physical – Jan traded $360
Paper:
Dec $353//$358
__[Dec traded $355 last week]_
Jan $360//$366 – traded $364 Fri
_[Jan traded $354-$364 last week]_
Feb $362//$368
_[Feb traded $355-$360 last week]_
Mar $365//$370
_[Mar traded $360-$365 last week]_
Apr $360//$372
_[Apr traded $362-$365 last week]_
May $355//$368
Jun $350//$362
Brazil Amsul
Dec $182/$195
Jan $180//$195
UAN Nola
Jan $285//$305
Feb $280//$305
DAP Nola
Dec $625//645
Jan $620//$630 – traded $625
Feb $625//$640
Mar $625//$640
Q1 $625//$640
MAP Brazil
Jan $625//$650
Feb $630//$655
Mar $630//$655
*Policy watch*
Export policy changes expected soon.
<img src='https://images.unsplash.com/photo-1465101046530-73398c7f28ca' alt='Demo image' style='max-width:100%;height:auto;border-radius:8px;margin-top:10px;'>
*Demand surges*
Importers are seeking 20+ tons.
*Policy watch*
Export policy changes expected soon.
*Prices up*
Spot market sees a $33/mt increase.
*Analyst note*
Market sentiment: 20.
*Demand surges*
Importers are seeking 32+ tons.
*Weather impact*
Rain delays in key regions.
*Supply tight*
Limited spot availability reported.
*Inventory update*
Levels at 19% capacity.
*Weather impact*
Rain delays in key regions.
<img src='https://images.unsplash.com/photo-1465101178521-c1a9136a3b41' alt='Demo image' style='max-width:100%;height:auto;border-radius:8px;margin-top:10px;'>
*Supply tight*
Limited spot availability reported.
*Analyst note*
Market sentiment: 13.