Daily Archives: April 28, 2023

Global ammonia prices still in the doldrums despite premium-priced spot sale into Northwest Europe

Ammonia demand remains sluggish both sides of the Suez heading into May, with the bearish tone illustrated by the latest slide in the Tampa contract. The $55pt month-on-month fall was not as severe as expected in some quarters and a subsequent spot sale for prompt delivery into Northwest Europe at a premium price was welcomed…

Yara’s bottom line hit by falling prices as European capacity curtailments continue

Yara has revealed the extent of its European production curtailments, with more than half (58%) of its ammonia capacity curtailed and almost a quarter (23%) of the Norwegian major’s finished fertilizer capacity offline at present. As of late April, the group had curtailed an annual capacity of 2.8m. tonnes of ammonia and 3.9m. tonnes of…