30 July 2008 16:21 [Source: ICIS news]
LONDON (ICIS news)--US granular urea prices softened $20-25/short ton (€13-16/short ton) on the back of limited buying interest, traders said on Wednesday.
Traders placed price ideas between $795-805/short ton FOB (free on board) Nola (?xml:namespace>
Flat demand is normal for this time of year, in between applications and into the holiday period.
“There is no demand,” explained a trader. “If the customers feel there is a little weakness then they will stay out.”
Another trader added: “Late July and August is vacation time so there is no big push for anything. It is a really slow period for us.”
“September will be better as barges have to get north of
($1 = €0.64)
To discuss issues facing the fertilizer industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections