IFA '12: US Tampa ammonia price up $80/tonne for June

22 May 2012 13:52  [Source: ICIS news]

DOHA, Qatar (ICIS)--The US Tampa ammonia price for June deliveries has been agreed at a $80/tonne (€62/tonne) increase, market sources said on Tuesday.

Speaking on the sidelines of the International Fertilizer Industry Association (IFA) conference, sources said the price had been set at $625/tonne CFR (cost and freight).

The May price was agreed at $545/tonne CFR.

The higher price comes on the back of increased prices from Yuzhny over the past month, with latest business heard in the $560-570/tonne FOB (free on board) range.

US demand is also strong for June/July cargoes, which has boosted sentiment.

At the same time, availability from major supply source is reduced due to natural gas supply curtailments.

The IFA conference runs from 20-23 May.

($1 = €0.78)

By: Rebecca Clarke
+44 20 8652 3214

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