US Gulf: Demand may have downs and ups

摘要

It is possible US Gulf demand may see some shifts downward before rebounding in August-September, depending on events outside of the supply chain to US DAP/MAP producers. In the near term, demand for spot ammonia cargos to help refill the US direct application supply chain could easily be delayed, if reports reguarding lost sales this summer prove correct. Supposedly much of the carryover ammonia remains in the hands of retailers and distributors, which helps explain the fairly aggressive fill and pre-pay prices offered for the summer.