PotashCorp sells $925/tonne ammonia to Terra

14 August 2008 22:24  [Source: ICIS news]

HOUSTON (ICIS news)--PotashCorp has sold a 10,000 tonne cargo of ammonia to Terra for $925/tonne, a source close to the operation said on Friday.

The terms were CFR (cost and freight) Donaldsonville.

The partial cargo will be delivered in the second week of September, Potash Corporation of Saskatchewan (PotashCorp) spokesperson Tom Pasztor said.

The price represents a $180/tonne premium (€120.60) over the August Tampa CFR price of $745/tonne.

Terra has struggled to reopen its 500,000 tonne plant in Donaldsonville, Louisiana – which has been offline since the company closed it in December 2005 because of high natural gas prices – and has rescheduled bringing the plant back online at least twice.

The delay of the Donaldsonville plant’s restart and the outage of a 760,000 tonne/year Burrup ammonia plant in Australia have contributed to a tightening of global supply.

($1 = €0.67)

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By: David Rosen
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