US Gulf/Tampa:
With Tampa ammonia settled at $450/mt CFR for May, truck offers out of Gulf Coast terminals dropped to $400-$410/st FOB, with the low reported at Beaumont, Texas.
Eastern Cornbelt:
Ammonia prices slipped to $590-$610/st FOB in the Eastern Cornbelt, down from last week’s $625/st FOB high, though sources said most regional terminals fell in the $590-$600/st FOB range for prompt offers at mid-month.
Western Cornbelt:
Ammonia continued to be reported at $590-$600/st FOB at most Western Cornbelt terminals during the week, though sources said suppliers are “willing to listen to offers” for any remaining prompt business.
Southern Plains:
Ammonia dropped to $535-$570/st FOB production points in the Southern Plains, with the low reported at Pryor, Okla. No current offers were confirmed at Verdigris, Okla., during the week. The latest truck pricing out of Gulf Coast production points fell to the $400-$410/st FOB range, well below April’s $525-$550/st FOB.
South Central:
Prompt ammonia slipped to $575/st FOB Cherokee, Ala., for the latest offers. No truck offers were reported at El Dorado, Ark., or Midway, Tenn., at mid-month.
Northwest Europe:
With natural gas prices stable this week and lackluster demand reported ahead of the new season, Northwest European ammonia prices were unchanged at $460-$470/mt CFR.
Southeast Asia:
Plant outages continue to support ammonia pricing East of Suez. Last week’s $385/mt FOB Luwuk sale was confirmed ex-Indonesia, bringing the regional range to $330-$385/mt FOB.
India:
FACT closed a tender for 5,000-15,000 mt of ammonia during the week for delivery in early June. So far, no pricing has been reported for the one offer made in the tender. The tender was called at a time of tight ammonia availability East of Suez, sources said.
South Korea:
South Korea imported 369,000 mt of ammonia in January-April, Trade Data Monitor reported, a marginal increase from the 361,000 mt received through the first four months of 2023. Saudi Arabia sent 197,000 mt, followed by Indonesia with 148,000 mt. April imports were 95,000 mt, up 44% from 66,000 mt in April 2023.