Views: 11 Author: Site Editor Publish Time: 2022-08-11 Origin: Site
Prices in several regions of East and South-East Asia declines this week, driven by limited demand and widespread acceptance of realistically achievable price levels. But same as rest of the world, Asian markets have remained quiet.
Due to the development of ammonia urea, nitrates, phosphates, potassium salts, etc., the uncertainty of the price direction of compound fertilizers leads participants to stay on the sidelines, and sales and purchases are not absolutely necessary.
market factors
Price perceptions remain divided
Buyers and suppliers differ widely in some markets as to where compound fertilizer prices should be. When the raw materials become clearer, they may merge, or at least get closer.
Fertilizers exempt from EU gas cuts
EU countries can request exemptions from gas cuts in key industries including fertilizer and food production now.
30-60 day outlook
Generally weak, but not in Europe
Overall, prices will remain week, but the prices are unlikely to drop significantly due to higher production costs for most manufacturers. Higher prices will reduce the limited demand levels, but producers may have little choice.
