02 September 2010 13:53 [Source: ICIS news]
LONDON (ICIS)--Iranian spot ammonia prices have risen by $25/tonne (€19.50/tonne) from the last completed business amid expectations of price increases following higher prices in other regions, market sources said on Thursday.
Petrochemical Commercial had been targeting a price of $375/tonne FOB during negotiations, sources said.
The price was up by $25/tonne from Petrochemical Commercial’s last sale, which was also to Mitsui, at $345/tonne FOB.
Prices in the Middle East had been expected to rise in new business following higher prices in ?xml:namespace>
The latest offers from Middle East-based producers under a tender out of
($1 = €0.78)
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