Black Sea: Ample supply to pressure prices

摘要

Black Sea suppliers admit plentiful spot ammonia supply will inevitably pull down prices further with current levels assessed at $205-215/t FOB. Last week Trammo secured 10,000 t from Rossosh at close to $215/t FOB with another 2- 3,000 t parcel secured from OPZ/AGT in the $210-212/t FOB range. Another 2,000 t was sourced from Rossosh at close to $205/t FOB to almost complete the Trammo Paris expected loading in Yuzhnyy (Pivedenniy) April 24-25.