Market Commentaries

NW Europe CFR ammonia prices rose by $5/mt on Monday to $585/mt CFR spot, reflecting higher FOB prices out of Algeria, and an uptick in TTF natural gas feedstock costs for October....

Ammonia prices were stable in Europe on Friday but the gap between imported ammonia versus domestically produced ammonia in NW Europe continued to widen...

Ammonia prices continue to move up west of Suez, with new prices announced out of Algeria on Thursday...

Multiple buyers in Asia were heard to be making enquiries for spot cargoes for September and October, as supply tightens...

The shutdown at the Ma'aden MPC ammonia plant which was confirmed last week has not led to any sharp rise in delivered pricing in Asia, largely because of firm availability reported out of Iran...

Availability from Iran looks firm for September, as Iran's Hengam issued a sales tender for a September ammonia cargo...

Prices moved up sharply in the Americas on Friday, after Yara confirmed a $53/mt jump in its Tampa supply contract with Mosaic...

Market participants were predicting a new Tampa contract of $520-540/mt CFR for September, as rumours circulated that the settlement may be settled at the high-end of the range on Thursday...

The Middle East spot FOB price pushed higher on Wednesday following the unplanned shutdown of Ma'aden's 1.1 million mt/yr MPC ammonia plant over the weekend...

Ammonia availability remains relatively tight in Southeast Asia into September, with sources reporting some extended maintenance in Indonesia...