US Tampa ammonia contract increases 6% for October
29 September 2009 16:16 [Source: ICIS news]
HOUSTON (ICIS news)--The contract price of benchmark US Tampa ammonia for all October shipments rose 6% from September to $345/tonne (€235/tonne) CFR (cost and freight), sources involved in the negotiations said on Tuesday.
The October contract settlement between Yara, Mosaic and CF Industries represents a $20/tonne increase from the $325/tonne September price.
Supplies of ammonia in the US Gulf were tight in September ahead of an anticipated strong fall fertilizer application season.
The October price of $345/tonne was expected to be the peak for the season, sources said.
($1 = €0.68)
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By: Frank Zaworski
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