Throughout January xxxx, the global Urea Ammonium Nitrate (UAN) market experienced a notable increase in prices. This upward trend can be attributed to several factors converging, including heightened shipping costs due to ongoing uncertainties in the global trade landscape, a deficit in essential feedstock Ammonia, and a resurgence in demand from major downstream fertilizer markets.
In the North American region, there was a significant month-on-month increase of USD xx per metric ton in the price of UAN. At the outset of the month, there was a moderate uptick in demand observed for UAN in both the North American and South American fertilizer markets. This rise in demand was attributed to improved weather conditions and the alleviation of drought conditions in these respective regions. During this period, there was a consistent demand for fertilizers, including UAN, in the South American market, driven by the current planting season for...
