East Asian ammonia prices soften on spot ammonia cargoes
Published by Robyn Wainwright,
Assistant Editor
World Fertilizer,
Japanese trading house Mitsubishi has sold two spot ammonia cargoes at US$330/t cfr to Taiwan and China respectively, marking a significant drop from current pricing levels in Asia-Pacific.
Argus Media states "Taiwanese buyer TFC has secured 15 000 t from Mitsubishi at US$330/t cfr, significantly below the US$340-360/t cfr price assessed by Argus last week. Ammonia importer BASF China has also bought 5000-10000 t from Mitsubishi for delivery to Zhanjiang at US$330/t cfr".
The deals signal a notable softening of the Asian markets this week, driven by global oversupply.
Read the article online at: https://www.worldfertilizer.com/special-reports/28122018/east-asian-ammonia-prices-soften-on-spot-ammonia-cargoes/
You might also like
Pivot Bio sustainability programme verifies the avoidance of more than 315 000 t of CO2e since 2022
Pivot Bio has announced that growers opting to validate their implementation of better nitrogen management practices through the company’s N-OVATOR programme have avoided more than 315 000 t of CO2e over the first two years of the programme.