10 September 2010 11:15 [Source: ICIS news]
Business is reported to have taken place at $380-385/tonne FOB (free on board) for late September/early October shipment from Yuzhny.
Last reported business was at $365/tonne FOB for September shipment.
However, suppliers are looking to raise prices above $400/tonne FOB for October cargoes, with one producer claiming to have received bids above this level already and there are expectations that $400/tonne FOB level will be concluded soon.
Yuzhny availability will be reduced by at least 50,000 tonnes in October due to a maintenance turnaround at Russian producer Rossosh. The producer is expected shut down operations in late September and the outage is due to last around a month.
At the same time, demand from the
Meanwhile, phosphates demand is strong at present and as such North African producers are maximising production and therefore have extra ammonia requirements, sources added.
($1 = €0.79)
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