European nitrogen market rallies on gas price hike, Iran conflicts

European urea ammonium nitrate (UAN) prices increased in early March as the Middle East conflict drove up natural gas and ammonia costs, exacerbating supply constraints from Russian sanctions and freight disruptions, resulting in a bullish market for nitrogen fertilizers across both Eastern and Western Europe. UAN 32% FOB Baltic rose $60/mt week over week to $340/mt, with sales to the US confirmedEuropean urea ammonium nitrate (UAN) prices increased in early March as the Middle East conflict drove up natural gas and ammonia costs, exacerbating supply constraints from Russian sanctions and freight disruptions, resulting in a bullish market for nitrogen fertilizers across both Eastern and Western Europe. UAN 32% FOB Baltic rose $60/mt week over week to $340/mt, with sales to the US confirmedRead More