Black Sea values remain under pressure this week at $255-265/mt FOB with further declines possible in the coming month on limited demand and increased global supply. Dreymoor is, for the first time, loading Group DF Rossosh ammonia onto the Gaschem Stade for prompt delivery to east coast India. Netbacks on deals to PPL and CIL reported concluded around $345/mt CFR are $255/mt FOB at best based on a freight estimate of around $85/mt with no provision for a margin for the trader.
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