#Urea prices continue to decline around the world – including at New Orleans – with the notable exception of Brazil, where prices firmed $5/t last week. Rumours circulating in China created another wave of uncertainty about urea exports (1/3)
European #nitrates still resist falling urea costs. #Ammonia supply issues threaten upwards pressure on some benchmarks. #DAP prices extended declines in the eastern hemisphere, but #MAP held firm in Brazil, and #phosphate fundamentals are becoming increasingly fragmented (2/3)
A Q2 #phosphoric acid settlement in India was reported at $948/t CFR 100% P2O5. #Potash spot prices advanced in Brazil and China, while downward pressure hit SE Asia and NW Europe. #Sulphur spot prices were stable to higher amid limited market activity (3/3) #fertilizer