# Global ammonia prices still in the doldrums despite premium-priced spot sale into Northwest Europe

> Global ammonia prices stayed weak as demand remained sluggish on both sides of the Suez Canal. The Tampa contract fell $55/t month-on-month to $380/t, and a spot sale into Northwest Europe at $425/t was seen as an outlier.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6333-global-ammonia-prices-still-in-the-doldrums-despite-premium-priced-spot-sale
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak ammonia demand and a falling Tampa benchmark point to lower nitrogen fertilizer costs. The premium spot sale is not seen as a sign of a broader recovery.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/global-ammonia-prices-still-in-the-doldrums-despite-premium-priced-spot-sale-into-northwest-europe

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.