Hamburg (Germany): The Calcium Nitrate market continued to remain stable despite weak fertilizer prices in Europe in the last month of xxxx. Major fertilizers, including Di-Ammonium Phosphate (DAP) fertilizers, remained weaker than anticipated despite a supply crunch in the Chinese market. Furthermore, markets observed increasing CFR rates, especially from Egypt, Jordan, and the Middle East, amidst heightened tensions as shipping companies actively avoid the Red Sea route, affecting major European-Asian trade. Despite the above-mentioned challenges and issues, Calcium Nitrate prices remained stable in European Markets.
In European markets, major supply comes largely from three regions: Mediterranean Africa, Norway, and China. In December, feedstock calcium carbonate prices stabilized around $xxx/mt CFR Hamburg point. Feedstock Calcium Carbonate prices are currently xxx higher than xxxx price levels despite energy and material deflating over the past year. European markets observed Calcium Nitrate prices around $xxx/mt CFR basis....
