ZMP Cockpit – News Summary

Market Commentary 15.08.2019

Uncertainty about the applicability of certain fertilizer (mixtures) in the spring of 2020 has brought the market to a standstill. The new fertilizer ordinance, which will mainly use urea and phosphates, is unsettling both trade and agriculture. While it has long been speculated that "normal" urea will still be used in blends, the BMLE thwarted the whole thing - even urea in fertilizer mixtures...
  • KAS: heavily reduced urea imports -> more nitrate demand
  • KAS: reasonable price compared to HS with UI
  • Ammonia: first price increases enforced
  • Phosphates: usual premium for Europe disappeared
  • Phosphates: higher demand expected in Q4 from South America
  • Phosphates: Price rally in soy allows higher P-prices
  • Phosphates: price decline stopped due to soil formation
  • Phosphates: strained margin on the producer side
  • KAS: falling urea prices in North Africa
  • KAS: high margins of producers at full production
  • Urea: possible imports of cheap Iranian goods to Europe
  • Urea: falling prices in South America, especially Brazil
  • Hemp: rising production in China
  • Phosphates: falling demand in Europe, especially Germany
  • Phosphates: new, very high production capacity in Morocco
  • Phosphates: big export pressure from China

ZMP Market Analyses

  • Slowdown in demand in the fertilizer market - declining prices

    Depressed price sentiment on the fertilizer markets - phosphate, potash and AHL decline The autumn price trend for 2019 shows that fertilizers have little tendency to orientate upward. Rather the opposite. The DAP courses have still not formed a reliable bottom after a strong slide to the month of July / August...

  • Autumn calm at the fertilizer prices

    Fertilizer prices hardly changed The fertilizer market is dominated by the usual autumn calm. The farmers are busy with harvest and order work. In addition, mental employment material comes from the new Fertilizer Regulations, which are announced by the EU, the Federal Government and the state governments. They cause...

  • Yielding international urea prices

    International urea prices currently slightly subdued - Natural gas and corn prices fall The average international urea prices are fundamentally related to corn and natural gas prices. Since urea production is energy-intensive , a connection with natural gas...

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