The market is poised for the forthcoming Indian Potash Limited (IPL) tender, with the inquiry set to shape trade well into September. The state agency will close the tender on 4 August and is targeting up to 2m. tonnes of urea for shipment by 22 September. Bids should be valid up to 8 August. The…
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…
The onset of the Israel-Iran conflict has ushered in a new round of supply cutbacks, spurring a major advance in global urea values. Few in the market had anticipated such an escalation in tensions, as evidenced by offer levels into recent major urea inquiries and those in many markets late last week. Global fob values…
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…
The bearish tone of the merchant ammonia market that has been evident so far this year was clearly underlined by the early settlement of the Tampa contract for February loadings at a $38pt discount to this month, with the $500pt cfr figure heard prompted by a spot purchase at the same price. While confirmed details…
Rashtriya Chemicals and Fertilizers Limited (RCF) has issued a purchasing tender to close 23 January for shipments to Indian ports by 5 March. Tender documents state that the agency is targeting 500,000t on the east coast and 1m. tonnes for the west coast, although this is “subject to revision based on the final outcome of…
The international merchant ammonia market has commenced 2025 fundamentally long on a strong supply situation in key export hubs and seasonally weak demand from large industrial buyers in Northwest Europe and Northeast Asia. With downward price pressure in the Middle East and Southeast Asia gathering pace on sluggish order books, discounted cargoes from the former…