Western Cornbelt:
LSB raised its ammonium nitrate postings on March 10 to $750/st FOB El Dorado, Ark., $770/st FOB Pryor, Okla., $780/st FOB Lamar, Mo., and $790/st FOB St. Joseph, Mo. Those levels are up $60/st from the company’s earlier prepay offers at $690/st FOB El Dorado, $710/st FOB Pryor, $720/st FOB Lamar, and $730/st FOB St. Joseph.
There were reports as well of new ammonium nitrate offers at the $800/st level FOB Muskogee, Okla.
Europe:
Sources said some ammonia producers will continue to operate to supply ammonium nitrate producers if buyers are willing to pay the accompanying higher price. If there is significant push back, the ammonia producers will shut down, which will impact the ammonium nitrate producers as well.
Brazil:
Ammonium nitrate imports for the first two months of the year were reported at 46,000 mt, down 71 percent from the 160,000 mt imported during the same period in 2021, according to Trade Data Monitor. Russia dominated the market with 45,000 mt.
February imports were at 45,000 mt – all from Russia – compared with February 2021 imports of 85,000 mt.