Western Cornbelt:
Ammonium nitrate pricing remained at $470/st FOB Lamar, Mo., and $490/st FOB St. Joseph, Mo. The latest offers in El Dorado, Ark., were quoted at the $425/st FOB level.
Russia:
Moscow is expected to announce new export quotas for ammonium nitrate. The Interfax news wire reported the new quota for June 1-Nov. 30 at 4.23 million mt.
The new six-month quota should not be a major problem for the market. According to Trade Data Monitor, worldwide imports of Russian material totaled 3.4 million mt in 2021. The full accounting for 2022 is not yet complete, but of those reporting imports of Russian material, the amount came to 1.8 million mt.
France:
Yara posted a new list price on April 21 – the first of the new season 2023/2024 – of €350/mt bulk CPT with immediate effect for June deliveries of ammonium nitrate (YaraBelaExtran33.5). It warned that only limited volume will be available at these prices