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…
Rashtriya Chemicals and Fertilizers Limited (RCF) has issued a purchasing tender to close 23 January for shipments to Indian ports by 5 March. Tender documents state that the agency is targeting 500,000t on the east coast and 1m. tonnes for the west coast, although this is “subject to revision based on the final outcome of…
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…
The urea market lived up to its reputation for turbulence and volatility this week with major price swings evident in North Africa. At the same time, the latest purchasing tender in India reset eastern spot values with Indian Potash Limited (IPL) making light work of securing 1m. tonnes for shipment to end-December. Egyptian granular values…
The global urea market is eagerly awaiting the outcome of the latest purchasing tender in India, with this set to define market values and availability well into November. Rashtriya Chemical Fertilizers (RCF) closed a tender yesterday (3 October) for shipments to 20 November. In the 48 hours prior to the tender, escalating tensions in the…
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…
National Fertilizers Limited (NFL) quickly secured 1.177m. tonnes of urea following the 29 August inquiry for shipments to end-October. As yet the tender has not yet been finalised, with awards pending. With awards currently widely considered a formality, producers and other suppliers are hopeful the extent of commitments will lend support to the urea…
Lowest offers into the latest National Fertilizers Limited (NFL) tender emerged earlier today with the agency quickly issuing counters to all participants. NFL is targeting urea for shipment by 31 October. The lowest offers represented a sizeable 536,000t with Ameropa lowest on the east coast at $349.88pt cfr (136,000t) and OQ Trading sharpest on the…
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…