U.S. Imports:
July-April ammonium nitrate imports were up 8.2% year-over-year, to 281,357 st from 260,048 st. April imports stood at 23,415 st, however, falling 71.1% from the year-ago 81,005 st.
U.S. Exports:
Ammonium nitrate exports for April firmed 5.0% year-over-year, to 45,730 st from 43,536 st. July-April shipments moved 0.3% higher, to 366,553 st from 365,500 st in the prior year.
Western Cornbelt:
The last reference prices for ammonium nitrate remained at the $700/st FOB level in Missouri, but sources reported no demand in mid-June.
Brazil:
The impact of the Russian restrictions on ammonium nitrate exports are being felt by Brazil. January-May 2022 imports were reported at 135,000 mt by Trade Data Monitor. This is a two-thirds drop compared to the 400,000 mt imported for the same period in 2021. Of the 2022 imports, Russia was responsible for 127,000 mt.
May 2022 imports were reported at 63,000 mt, down 34% from the 96,000 mt imported in May 2021. Russia accounted for 57,000 mt of the imported product, with the Netherlands supplying another 6,000 mt.