Ammonia spot deals accelerate on improved supply, but Algerian issues persist

A series of spot deals were concluded in a hectic week for the merchant ammonia market, a positive trend underlining the far healthier global supply situation, despite production headaches in Algeria persisting and feedstock price volatility in Europe triggering some uncertainty. Towards the end of a year scarred by lengthy periods of capacity curtailments in…

Global urea producers hopeful pending Indian tender purchase will support market

  National Fertilizers Limited (NFL) quickly secured 1.177m. tonnes of urea following the 29 August inquiry for shipments to end-October. As yet the tender has not yet been finalised, with awards pending. With awards currently widely considered a formality, producers and other suppliers are hopeful the extent of commitments will lend support to the urea…

Directionless global urea market awaits outcome of latest Indian purchasing tender

Lowest offers into the latest National Fertilizers Limited (NFL) tender emerged earlier today with the agency quickly issuing counters to all participants. NFL is targeting urea for shipment by 31 October. The lowest offers represented a sizeable 536,000t with Ameropa lowest on the east coast at $349.88pt cfr (136,000t) and OQ Trading sharpest on the…

International ammonia prices and sentiment still dislocated along geographical lines

While summer holidays kept many ammonia market players away from their desks, prices, sentiment and the global supply/demand balance remain clearly disjointed between East and West as thoughts turn to September shipments. This trend was illustrated by fresh fob spot business for North African material taking place at a premium to cfr deliveries into the…

Yara and ATOME PLC sign Heads of Terms for sale of renewable Calcium Ammonium Nitrate (CAN) fertilizer

Yara has signed a Heads of Terms for offtake from Atome’s proposed 264,000t per year renewable calcium ammonium nitrate (CAN) project in Villeta. Yara would market and sell the green CAN as part of the YaraBela product line, with the 145MW project scheduled to produce and export fertilizers derived from baseload renewable power from 2027.…