16 July 2008 20:46 [Source: ICIS news]
HOUSTON (ICIS news)--Ammonia sellers in the US Gulf are trying to use higher Ukraine prices to justify August contracts higher than $700/tonne (€441/tonne), a trader said on Wednesday.
“I had heard it was going to be something in the $700s simply because Yuzhny is in the $600s,” the trader said.
The trader confirmed sentiment expressed by buyers and sellers repeatedly during the recent Southwestern Fertilizer Conference in San Antonio, Texas.
Ammonia is trading at $585/tonne CFR (cost and freight) Tampa, according to data from global chemical market intelligence service ICIS pricing. In New Orleans, ammonia is trading at $530/short ton FOB (free on board).
($1 = €0.63)
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