Export values for FSU ammonium nitrate have fallen significantly in recent weeks with Baltic values no better than $160pt fob. The domestic spring season, October through April, is now a distant memory for Russian producers. During this period, strong local markets minimised export volumes, allowing most small and medium producers (with up to one cargo…
DetailsFor the fourth time in the second half of 2019, India will hold a urea purchasing tender. The tender closes 14 November and requires shipments to 19 December. Over the last few tenders, a well-rehearsed script has emerged with China an active seller, taking a significant portion of the awards. Arab Gulf producers have accepted…
DetailsOne year on from new US sanctions on Iran, the impact on prices is much reduced with Western markets open to increasing volumes. For example, the latest import data from Turkey has again highlighted the increased presence of Iranian granular urea in the Turkish market at the expense of Egyptian and Russian suppliers. Turkish imports…
DetailsThe US Gulf price slide continued this week with November granular urea barges trading down to $215ps ton fob Nola early in the week. Nola values have fallen more than $35ps ton since the end of September with business concluded at 18-month lows this week before a modest rebound to $220ps ton fob Nola took…
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