The ripple effects from Nutrien’s surprise decision to halt operations at its four ammonia plants in the Caribbean indefinitely were felt immediately across the Atlantic amid a sudden burst of Algerian spot sales at higher prices to those done just 24 hours previously. The Canadian major said the controlled shut down of its Point Lisas…
Bullish sentiment remains the dominant theme across the global merchant ammonia market against a backdrop of planned and unplanned plant outages that have taken a large bite out of export volumes in key regions. Industry majors Yara and Mosaic just settled the Tampa contract for October loadings at $590pt cfr, up $50pt from this month’s…
Activity in the global ammonia market moved up several gears as participants digested a large hike in the closely followed Tampa contract for next month and awaited the fall out from a major plant shutdown in Saudi Arabia that will see at least 170,000t lost. The settlement by Mosaic and Yara of the US benchmark…
Leading nitrogen fertilizer producer Fertiglobe has revealed that it used recent downtime at Egyptian plants exacerbated by the Israel-Iran conflict to perform critical maintenance and defer extensive turnarounds. Those actions have reduced its expected capex for 2025 to the lower end of its previous guidance of $145–170 million, the Abu Dhabi-headquartered major revealed in notes…
With the market tightening and prices firming West of Suez on persistent capacity constraints in Algeria and Egypt, but the opposite picture seen in the East on plant restarts, arbitrage opportunities have emerged for August and September business. While access to the Red Sea from the Middle East remains limited to a handful of suppliers,…
Fears over capacity curtailments at leading ammonia production hubs in the Americas, North Africa and the Middle East saw the market swing into bull territory this week, though the true extent of the supply squeeze has yet to be confirmed. Firmer prices were heard across all regions, with the price rally in the East driven…
NH3 Clean Energy, Pilbara Ports and Oceania Marine Energy have signed an agreement to establish low emissions ammonia bunkering operations at Australia’s Port of Dampier and support the decarbonisation of the Pilbara-Asia maritime corridor. The agreement follows the International Maritime Organisation’s (IMO) recent announcement of its Net Zero Framework which sets mandatory emissions limits and…
While Monaco is world famous for its culture of risk taking and high stakes, ammonia market participants at this week’s industry conference in the wealthy principality opted to stick, not twist when it came to stepping up to the table and striking deals. The reluctance to conclude business, or even show their hands in many…
Just like its famous equine counterpart, the tanker Dancing Brave was first out the gate when it performed the inaugural loading from the long-awaited Gulf Coast Ammonia (GCA) project in Texas a couple of days ago. The lifting of nearly 15,000t of spot volume for Norwegian major Yara’s operations at its Article Circle fertilizer facility…
A cfr spot sale into Morocco at a significant discount to fob business in Algeria was the headline deal in yet another busy week for the international ammonia market, one in which the strong dislocation between prices in the East and West was illustrated clearly again. Trammo’s deal with OCP Group at $459pt cfr for…