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Seasonal fluctuations in crop planting and fertilizer application contributed to gradual price appreciation. Over-all, a balanced supply-need situation maintained CAN prices.
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Climbing upstream ammonia and nitric acid feedstock expenses elevated generation bills for regional manufacturers, furnishing incremental pricing support. Tightened supply disorders, pushed by managed generation output to meet environmental compliance laws, even more constrained regional availability.
Regional businesses' high output volumes and the falling expenses of upstream feedstocks for nitric acid and ammonia further restrained pricing. Distributors' high inventory levels compelled them to make use of competitive discounting to accelerate stock clearance during the quarter.
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