US Gulf/Tampa:
The Tampa ammonia price for May was concluded at $450/mt CFR, down $25/mt from April’s $475/mt contract. The downward adjustment softened the NOLA barge market to an indicative $409-$410/st FOB, with the Caribbean ammonia price dropping to $395/mt FOB.
Eastern Cornbelt:
Ammonia remained at $625-$645/st FOB in the Eastern Cornbelt, depending on location and supplier. One source estimated that 90% of the preplant ammonia work in Illinois is now complete.
Western Cornbelt:
Ammonia terminal prices were unchanged at $605-$645/st FOB in the Western Cornbelt, with the low confirmed in Iowa and the high in Missouri.
California:
Ammonia list prices in California were steady at $670/st DEL for anhydrous and $186-$196/st FOB for aqua ammonia.
Pacific Northwest:
Ammonia pricing in the Pacific Northwest remained at $645-$650/st FOB, with the aqua ammonia market quoted firmly at the $168/st FOB level in the region.
Western Canada:
The ammonia market in Western Canada was unchanged at C$975/mt FOB Medicine Hat, Alta., and C$1,150/mt DEL in the region.
Northwest Europe:
With European natural gas retreating to $9/MMBtu and Tampa settling $25/mt lower for May, there were few arguments for a sustained bullish outlook in the Northwest Europe ammonia market. With no confirmed transactions, however, the price remained at $460-$470/mt CFR.
Turkey:
Ammonia imports in Turkey for the first quarter totaled 231,000 mt, Trade Data Monitor reported, a 16% increase from the year-ago 199,000 mt. Algeria supplied 98,000 mt, Trinidad and Tobago sent 40,000 mt, and Qatar added 37,000 mt. March imports were 76,000 mt, up about one-third from 57,000 mt in March 2023.