PCI Nitrogen, Pasadena, Texas, and Martin Midstream Partners LP have both confirmed that their facilities in the path of Hurricane Laura have been secured with the employees evacuated. PCI took action Tuesday, Aug. 25, with Martin saying it initiated its Hurricane Preparedness Plan on Aug. 24 for all terminals, as well as its Neches ATS plant, which are in the path of the hurricane.
Sulfuric acid producer Eco Services told Green Markets that its facility is not in the direct path of the hurricane at this time and it will continue to run at normal rates unless conditions get much worse than forecast.
The Tampa ammonia
contract for September has moved up to $212/mt CFR, from August’s $205/mt CFR.
In other news, the Yara –
BASF joint venture ammonia plant at Freeport, Texas, will continue to operate
at full rates. OCI has taken down its Beaumont ammonia and methanol plant as
Hurricane Laura approaches.
Prices came off slightly
as 2.3 million mt were offered in the MMTC tender that closed Aug. 26. The East
Coast low was $283.52/mt CFR against $290/mt CFR from the RCF tender earlier
this month. The West Coast low was $288.89/mt CFR, representing an 11 cent drop
from the previous tender. The lowest FOB price came from PIC with 30,000 mt at
$280/mt. Fertiglobe offered 100,000 mt at $281/mt FOB for Egyptian tons and
90,000 mt at $284/mt FOB from the Arab Gulf, representing prices not far off
from their offer in the last tender.
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