US granular urea falls $25-30 on weak demand

20 November 2008 19:15  [Source: ICIS news]

LONDON (ICIS news)--US granular urea prices dropped $25-30/short ton (€20-24/short ton) on the back of lacklustre demand, traders said on Thursday.

Granular urea barge prices were traded at $245/short ton FOB (free on board) Nola (New Orleans), down from $270-275/short ton FOB Nola at the end of last week.

Competition between producers and the lack of demand for fertilizers including urea was the primary reason for the falling numbers.

($1 = €0.79)

To discuss issues facing the chemicals industry go to ICIS connect

By: Carl Roache
+44 20 8652 3214

< previous article(ICIS Podcast: Chemical News Central 2 November 2009)

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.

Printer Friendly