Just like its famous equine counterpart, the tanker Dancing Brave was first out the gate when it performed the inaugural loading from the long-awaited Gulf Coast Ammonia (GCA) project in Texas a couple of days ago. The lifting of nearly 15,000t of spot volume for Norwegian major Yara’s operations at its Article Circle fertilizer facility…
A cfr spot sale into Morocco at a significant discount to fob business in Algeria was the headline deal in yet another busy week for the international ammonia market, one in which the strong dislocation between prices in the East and West was illustrated clearly again. Trammo’s deal with OCP Group at $459pt cfr for…
The bearish tone of the merchant ammonia market that has been evident so far this year was clearly underlined by the early settlement of the Tampa contract for February loadings at a $38pt discount to this month, with the $500pt cfr figure heard prompted by a spot purchase at the same price. While confirmed details…
The international merchant ammonia market has commenced 2025 fundamentally long on a strong supply situation in key export hubs and seasonally weak demand from large industrial buyers in Northwest Europe and Northeast Asia. With downward price pressure in the Middle East and Southeast Asia gathering pace on sluggish order books, discounted cargoes from the former…
A series of spot deals were concluded in a hectic week for the merchant ammonia market, a positive trend underlining the far healthier global supply situation, despite production headaches in Algeria persisting and feedstock price volatility in Europe triggering some uncertainty. Towards the end of a year scarred by lengthy periods of capacity curtailments in…
A pair of premium-priced fob spot sales to Trammo by leading producers in North Africa and the Middle East were the main events in an otherwise relatively quiet week for the merchant ammonia industry. Against the backdrop of major capacity curtailments in Saudi Arabia and limited loadings in the US Gulf this month, the trader…
While summer holidays kept many ammonia market players away from their desks, prices, sentiment and the global supply/demand balance remain clearly disjointed between East and West as thoughts turn to September shipments. This trend was illustrated by fresh fob spot business for North African material taking place at a premium to cfr deliveries into the…
In a busy week in which news of the sale of 100,000t of spot material emerged and supply constraints finally started to ease in Trinidad but persisted in North Africa, the settlement of the Tampa contract for August at a $60pt premium to July was the main talking point. The significant hike in the US…
Yara has signed a Heads of Terms for offtake from Atome’s proposed 264,000t per year renewable calcium ammonium nitrate (CAN) project in Villeta. Yara would market and sell the green CAN as part of the YaraBela product line, with the 145MW project scheduled to produce and export fertilizers derived from baseload renewable power from 2027.…
Yara swung to a net income of $3 million in the second quarter of this year from a net loss of $298 million in April-June 2023, with the Scandinavian group unveiling plans for a cost and capex reduction program worth $300 million to strengthen financial performance. Over the next 18 months, Yara will aim to…