Loading…
International ammonia prices climbed to $270-290/mt FOB from $210-215 in September as Yuzhnyy supply stayed restricted and Middle East spot sales dried up. Tampa November settled at $305/mt CFR, up $60, and Mosaic's Plant City closure will reduce 2018 ammonia import demand.
Tight ammonia supply lifts nitrogen production costs, supporting urea and other nitrogen fertilizer prices. Mosaic's closure trims future import demand, which may cap gains later in 2018.
dtnpf.comKarl Stenerson Market ReporterNov 6, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
