Ammonia increases in price

Upward trends are continuing on the global ammonia market. Slowly, but prices go up. According to analysts of IA “Infoindustry”, the positive dynamics will go on in the short term.

Confirmation of this is the new contract ammonia price for October loadings, agreed by Yara and Mosaic. The price increased by $25/t compared to September to $355/t CFR Tampa.

In Yuzhny prices are $330-350/t FOB, but the rise is expected.

Ammonia prices increase is good news for Ukrainian producers, especially against the background of rising prices for natural gas, which is the main raw material for the production of ammonia and nitrogen fertilizers. “Infoindustry” has written about the increase in natural gas prices for industrial consumers by Naftogaz from October 1, 2018 by 9.4-9.7% to UAH 13 438.80-14 586.00/thousand m3 (incl. VAT). This amounts to $478-518/thousand m3 (NBU rate as of September 27, 2013).

Infoindustry

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