Western Cornbelt:
The ammonium nitrate market jumped to $700/st FOB Caruthersville in early December, up from $640-$680/st FOB for the last reported offers.
Southern Plains:
Ammonium nitrate prices reportedly jumped to $700-$720/st FOB in the Southern Plains, up some $70/st from last report, with the high reported at Muskogee, Okla.
South Central:
The ammonium nitrate market was quoted firmly at the $700/st level FOB Shreveport, up a full $70/st from last report. Sources said there are no pricing offers available out of Yazoo City, Miss., at the moment.
Brazil:
January-November imports of ammonium nitrate were reported at 1.5 million mt, up from the 1 million mt imported during the same period in 2020. Russia was responsible for 1.45 million mt of the product purchased by Brazil this year, according to Trade Data Monitor.
November imports were up 14.6 percent, to 122,000 mt from 107,000 mt in November 2020. Again, Russia was the main supplier with 121,700 mt.
Buyers in Brazil remain concerned about what will happen now through May 2022. Russia announced it would limit ammonium nitrate exports during that period to 744,000 mt. From December 2020 to May 2021, Brazil imported 511,000 mt against total exports at the time of 1.8 million mt.