Market Commentaries

Projected ammonia production costs in Northwest Europe jumped on Monday, as month-ahead TTF natural gas prices spiked over 7% on the day...

Ammonia prices were stable on Friday on steady import demand from west Europe, where production costs for ammonia remain above $500/mt, based on current TTF natural gas prices...

Ammonia spot trade was muted this week, with some businesses closed for the Orthodox Christmas holiday. Some spot sales were rumoured to have been done in west Europe...

Higher natural gas prices in NW Europe, along with indications of firm nitrate fertiliser pricing for the European Spring season, are giving some support to NW Europe CFR prices, and spot prices here moved up...

Ammonia prices were stable on Tuesday with no new spot business reported. Latest trade data out of the Americas region showed Brazil's ammonia imports climbing for FY 2024...

The drop in the Tampa ammonia contract for January, which pushed down Caribbean FOB prices below the $500/mt level, has opened up attractive arbitrage opportunities for traders shipping ammonia from the Americas to NW Europe...

TTF month-ahead prices closed lower on the day at $14.96/mmBtu on Friday, softer compared to Thursday. Recent high prices continue to support NW Europe CFR ammonia prices going into January...

Markets remain muted as participants slowly return after the holidays..

Ammonia markets were largely quiet on Tuesday and prices unchanged, ahead of the New Year holidays. Some of the contract negotiations which had been ongoing for the better part of Q4 have settled in Taiwan...

The January Tampa price settled last week saw a massive drop from the December settlement, triggering a correction across the market.

With many traders and market participants in Europe out for the holiday season, the ammonia markets were largely quiet on Tuesday...

Traders were still waiting to hear the Tampa price settlement for January 2025 on Monday. ..

Prices were stable west of Suez with no new spot deals reported on Friday. In NW Europe, prices of $600/mt CFR duty-paid...

The market is waiting to hear what will most likely be the final big pricing indicator for the year - the Tampa contract price for January...

Ammonia prices fell in the west of Suez on Wednesday on a weaker price outlook, sliding natural gas prices in west Europe, and...

The India ammonia contract CFR price fell to $400-420/mt on Tuesday, down $20/mt on both ends...

Ammonia import prices in NW Europe could see some further downward pressure if current natural gas price trends continue...

Delivered ammonia prices in NW Europe were unchanged at $620/mt CFR duty-paid for spot, but gas prices fell again...

Ammonia spot activity has been quiet so far this week, as a number of buyers adopt a wait-and-see approach for the remainder of the year...

Ammonia spot activity was quiet on Wednesday, with limited spot demand heard in western Europe for the coming weeks...