Fertilizer prices remain high in Europe. At the same time, global demand has shrunk to an absolute minimum in recent weeks in view of the historic price increase. The fall in gas prices since the end of November has led to manufacturers' production costs falling.
For example, the largest European manufacturer Yara has restarted certain production lines in Europe. In the meantime, however, gas prices have risen sharply again and could slow down the expansion of production again. Basically, the market remains extremely tense.