Ammonia

US Gulf/Tampa:

Tampa ammonia for December was concluded on Nov. 29 at $625/mt CFR, a rollover from November.

Eastern Cornbelt:

Ammonia remained at $725-$750/st FOB regional terminals in the Eastern Cornbelt, depending on location and producer.

Western Cornbelt:

The ammonia market was unchanged at $715-$725/st FOB in the Western Cornbelt, with the low reported in Nebraska and the high in Iowa and Missouri.

California:

Anhydrous ammonia reference prices in California were slated to firm to $795/st DEL on Dec. 1, up from the current $740/st DEL posting. Aqua ammonia prices were also scheduled to increase, moving from $200-$210/st FOB up to $217-$227/st FOB on Dec. 1, depending on location.

Pacific Northwest:

Anhydrous ammonia prices remained at $830-$850/st FOB in the Pacific Northwest, depending on location, with aqua ammonia unchanged at the $220/st FOB level.

Western Canada:

Ammonia pricing was down significantly in Western Canada, falling to C$850/mt DEL for November-December fill offers, well below the last confirmed C$1,295/mt DEL level for prompt fall tons.

Middle East: 

Sources described the region’s main ammonia activity for the week as handling routine contract sales and loadings, with no new spot deals reported. The latest bids were noted around $500/mt FOB, about $50/mt down from the last spot sale. While no deals were confirmed at that level, sources said it is only a matter of time before it happens.

Southeast Asia:         

Pupuk is having a hard time finding a buyer for an ammonia cargo of December material, sources said. Bids for the cargo were reported at sub-$520/mt FOB levels, while the producer is looking for a deal in the upper-$520s/mt FOB. The gap in pricing ideas for the Indonesian tons exemplifies the general situation in the region, said one trader.

Turkey:

January-October ammonia imports in Turkey totaled 685,000 mt, Trade Data Monitor reported, a 19% increase from the year-ago 577,000 mt. October imports were 53,000 mt, down 15% from 62,000 in October 2022. Egypt led suppliers with 24,000 mt, followed by Russia with 15,000 mt.