The ammonia pipeline to Yuzhnyy re-opened for business late last week. Sources said ammonia is pumping through at 5,000 mt/d.
The first ship lined up to receive product at the Black Sea port is the Clipper Mars. It will load about 40,000 mt Feb.10-15 for an Indian buyer.
Sources said larger buyers are now “convinced” prices will begin to fall now that Yuzhnyy is once again supplying product to the global market. Others, however, argue prices could remain steady. They cite problems with producers in the CIS and Arab Gulf, along with steady demand.