International ammonia prices creep up on freight rates, Mideast tensions

摘要

LONDON (ICIS)--The international ammonia market has yet to move up a gear as participants assess their positions amid higher freight rates and rising political tensions in the Middle East. In the wake of increased bunkering rates and potential hikes in insurance for cargoes transiting the Straits of Hormuz, most players adopted a wait-and-see approach.