Participants keenly await Tampa October price tag

摘要

Spot ammonia activity has come to an abrupt halt as market participants wonder how much further values will fall. Oversupply of ammonia remains an issue across the globe, and downwards price pressure is likely to prevail until the end of this year. Attention is now focused on the US where a sizeable decrease in the Tampa October price tag is expected in the coming days. It is likely to be down by at least $25/mt on the September settlement at $240/mt CFR given recent spot deals by Mosaic.