US Gulf/Tampa:
The Tampa ammonia price remained at April’s $475/mt CFR settlement. Truck pricing out of Gulf Coast production points was reported at $525-$550/st FOB for limited offers, up from last week’s $500-$530/st FOB range.
Eastern Cornbelt:
Ammonia pricing slipped to the $625-$645/st FOB range in the Eastern Cornbelt, depending on location and supplier, down from last week’s $635-$650/st FOB.
Western Cornbelt:
Ammonia terminal prices remained at $605-$645/st FOB in the Western Cornbelt, with the low confirmed in Iowa and the high in Missouri.
Northern Plains:
The ammonia market was steady at $650/st FOB regional terminals in the Northern Plains, with the latest delivered offers also unchanged at the $650-$670/st level.
Great Lakes:
Michigan sources reported prompt ammonia offers at $585/st FOB Courtright, Ont., while pricing at Huntington, Ind., was quoted at the $635/st FOB level for prompt tons.
Northwest Europe:
With no new sales reported, ammonia in Northwest Europe remained at $450-$460/mt CFR. Natural gas prices in Europe have moved up to around $9.90/mmBtu, however, and two ammonia plant outages – one planned at Fertiberia’s Palos plant and another unplanned at Yara’s Brunsbüttel plant in Germany – could provide some support to prices for imported product.
South Korea:
Ammonia imports to South Korea totaled 274,000 mt in the first quarter, Trade Data Monitor reported, a 7% decline from the year-ago 295,000 mt. Indonesia sent 143,000 mt, with the balance coming from Saudi Arabia. March imports were 72,000 mt, down from 109,000 mt in March 2023.