Market Commentaries

NW Europe CFR spot prices were unchanged at $475/mt CFR duty-free/paid, following a sharp downward correction on Thursday...

Weakening sentiment in the ammonia market was underscored on Thursday with the confirmation of a $25/mt drop in the Tampa contract for April...

Traders said the ammonia market continues to look over-supplied and no real spot appetite was reported in NW Europe on Wednesday...

The US, Ukraine, and Russia have agreed to a ceasefire on the Black Sea that will halt attacks on commercial shipping in the region in a tentative sign of progress to end the war in Ukraine...

Ammonia prices were unchanged on Monday but the market remains supply-heaving heading into April...

Ammonia prices in India could come under more pressure in the coming weeks...

Ammonia prices came under further pressure on Thursday as sales prices slid into Turkey, and rumours of a Bangladeshi sale into India suggested further price weakness in Asia is on the way...

Spot ammonia prices in India slid on Wednesday, as sources said import demand into the subcontinent could be dented in April by a phosacid shortage...

India's Fertilisers and Chemicals Travancore (FACT) extended by one week the deadline on its latest ammonia tender for two 8,000mt shipments of ammonia for delivery to Cochin port...

Ammonia prices looked stable/weaker on Monday on balanced supply/demand fundamentals...

Ammonia traders in Ukraine, who are optimistic about a potential ceasefire between Russia and Ukraine lasting, have started to provisionally offer ammonia exports out of the Black Sea port of Pivdenny, sources told Quantum this week...

Speculation over the start up of the Gulf Coast Ammonia plant in Texas grew on Thursday, as Yara's Dancing Brave was confirmed to be heading to the plant's location at the port of Texas City on 26 March...

There are conflicting reports on when the first ammonia cargo may be available for export from the Gulf Coast Ammonia plant in Texas City...

Delivered ammonia prices in NW Europe fell on Tuesday, following a drop in North Africa FOB prices. But NW Europe CFR prices look supported by the renewed upward trend in natural gas prices in the region, as TTF headed towards $14/mmBtu on Tuesday...

Ammonia FOB spot prices dropped 13% in Southeast Asia on Monday, as reports of a new spot trade in the region emerged...

Some fresh spot ammonia demand from India emerged on Friday, with FACT issuing another purchase tender for May/June...

Ammonia spot demand was slow this week, but US imports may pick up for the spring season, and internal prices in the Midwest have seen a sharp increase from February levels...

Indian spot ammonia prices fell Wednesday as buyers reported cheaper offer prices, amid falling freight rates...

Delivered ammonia prices in Turkey slipped $15/mt for spot to $475/mt CFR on Tuesday, on latest indications from traders, while contract delivery prices fell $20/mt to $475-485/mt CFR...

Ammonia prices were stable across most regions, but contract prices for deliveries to North Africa fell by $5/mt on Monday....