At the beginning of the week the global urea market was still looking for a floor, Pakistan tendered on Monday buying only 100,000mt and the market continued to move downwards until it found some support yesterday.
There are no indications that there is still room for further declines but the demand outlook does remains weak for the time being.
India are yet to announce a fresh tender and Latin American buyers are on the side-line which could see a possible rebound in the market if tonnages of 1 -1.5 million tonnes are exceeded.
The current market situation certainly provides growers with a buying opportunity and Gleadell would recommend that some cover is taken for a Sept/ December delivery.
Gleadell have launched a new product ALZON 46 which is a stabilised nitrogen fertiliser meaning that, depending on the weather and local conditions, it will delay the whole time sequence of nitrification from being applied to being available in a Nitrate form, unlike a Urease inhibitor.
Ammonium N is retained in the soil much longer and that the time conversion to being in a Nitrate form is extended which ultimately means that a more balanced N is available when it is required over a much longer period and not all at once.
Alzon 46 reduces “gassing off” when applied, reduces a luxury uptake of nitrate by the plant, reduces leaching when in a nitrate form and also reduces de-nitrification when in a nitrate form.
Alzon 46 is a more efficient, more environmentally friendly fertiliser and will be available to the UK farmer for October / November delivery.
Ammonium Nitrate demand is slow for UK product and imported material with prices remaining stable.
The global situation is weak for ammonium nitrate and we could see producers cutting back on shipments to increase demand and push levels higher.
The phosphates market has slowed down its momentum and currently seems subdued compared with the last few weeks.
There has been little new global business concluded this week on quiet demand, however there is still DAP demand in India, but buyers are unwilling to pay the high prices being asked by producers.
Chinese sellers are firm on their price ideas of at least $560 per mt but Pakistan and Bangladesh are quiet at present, while Latin American buyers have also stepped out of the market.
Due to current high prices for phosphates, Gleadell offer an alternative product called P-grow which will increase your phosphate levels for a considerable cost saving.
Please speak to your local Gleadell Farm Trader.
Gleadell are offering “granular NS” a granular compound containing 27.5N/11SO3/6CaO as a little and often approach to the application of sulphur in the Spring.
All nutrients are in readily available form allowing easy uptake.
This approach to sulphur and nitrogen application will provide adequate supply of these nutrients at all the main growing phases and limit potential losses through leaching.
Guaranteed as 95% 2–5mm this is a high quality product and an excellent addition to the Gleadell range of fertilisers.