U.S. Gulf/Tampa: No one appeared to be in a hurry to conclude November Tampa business last week. October was done at $435/mt CFR, and buyers are expected to argue for another drop for November.
The November NYMEX natural gas continued to fall last week, with the close on Oct. 22 at $2.386/mmBtu, down from Oct. 15’s $2.453/mmBtu.
Eastern Cornbelt: Sources reported an “uptick in truck shipments” of anhydrous ammonia in parts of the Eastern Cornbelt last week, but dry field conditions were reportedly putting the brakes on any robust fall ammonia movement in the region.
The ammonia market remained at $545-$555/st FOB in the Eastern Cornbelt, with the low in Illinois and the upper end FOB Indiana terminals.
Western Cornbelt: The anhydrous ammonia market was steady at $510-$540/st FOB in the Western Cornbelt, depending on location, with the low reported out of Nebraska terminals. Delivered tons were pegged at $540-$550/st from southern production points.
Several sources said fall movement was “slowly picking up” in the region last week, although the pace remained slow overall.
California: Anhydrous ammonia pricing was steady at $595/st DEL in California, with aqua ammonia referenced at the $163/st FOB level.
Pacific Northwest: The anhydrous ammonia market was pegged at $575-$590/st DEL in the Pacific Northwest, with the low for rail and the upper end for truck-DEL tons.
Aqua ammonia pricing remained at $154/st FOB in the region.
Western Canada: Anhydrous ammonia was steady at $740-$760/mt DEL in Western Canada.
Australia: Yara said last week that its Burrup plant, which went down Oct. 12 for mechanical repairs, is expected to be down three-to-four weeks.