AdvanSix reports that effective immediately it is increasing the price for granular ammonium sulfate to $330/st fob river terminals on new orders in the Midwest and Plains regions. The price is up $25/st from the $305/st posted June 7. Inland warehouses will continue to be priced at traditional spreads to the river.
The National Development and Reform Commission of China announced on its WeChat account it was looking into the Chinese urea industry. Investigators have already looked at the Zhengchou Commodity Exchange and visited several urea producers. The NDRC is investigating why prices jumped in the past month. International traders said the probe could be a precursor to imposing an export tax.
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