Saudi Arabia: Ammonia sold to India at low $230s/t FOB

摘要

For Ma’aden the Waregem is en route to Ras al Khair to reload ETA October 24. The Wepion is in east coast India discharging where the price is reported around $277/t CFR and freight is put at around $42-43/t for one discharge port. Using a rate of $45/t, the netback is around $232/t FOB providing a new low for our Middle East Range.