Stability reigns with firmer ammonia in November

摘要

The evolution of the ammonia market in the short term dominated discussions held at this week’s IFA Crossroads Singapore conference. The consensus is that stability is finally emerging as a price floor is established, echoed by the rollover of the Tampa price tag at $210/mt CFR for November. Looking ahead to next month, production curtailments at TogliattiAzot, Ma’aden’s Wa’ad Al Shamal, Sabic/Safco’s Ibn Al-Baytar, Razi Petrochemical and at Pupuk Kaltim will significantly reduce supply and likely firm prices.