New anhydrous ammonia business has been concluded at Tampa at $310/mt CFR for February, down $40/mt from January’s $350/mt CFR. Observers had been predicting a $10-$50/mt CFR drop based on weaker international prices.
Tampa NH3 price down – Alert
The Tampa ammonia price for October closed at $435/mt CFR, reflecting a $10/mt drop from the September price. Sources cited temporary oversupply in the New Orleans area, with stagnant demand as the industry awaits the fall application season. In addition, inventories are also reported to be plentiful in Trinidad, Venezuela and Tampa.