Prices for nitrogen fertilizers rose significantly in August 2023, while nitrate went up, with production in August breaking the record for the last two years, Infoindustry analytical agency reported.
According to the report, the new prices on CPT-EXW terms for ammonium nitrate reached 20-20.4 thousand UAH/t, which is 1.5 thousand UAH more than July prices, urea – 24-24.4 thousand UAH/t (+500), UAN-32 – 17.5-17.9 thousand UAH/t (+1000), UAN – 16-16.4 thousand UAH/t (+1000).
“The previous prices were in effect throughout August, and traders expected the price increase from the beginning of the third decade. The signal for the price increase was the fact that Poland and Lithuania raised the price of nitrate by 50 €/t. At the same time, in August, nitrate was still being shipped by factories at prices of 17.5-18.5 thousand UAH/t, CPT, and the recommended prices in warehouses were at 18.5 thousand UAH/t including VAT in big bags,” analysts said, citing information from Ostchem.
