US Tampa: December contract to be settled next week

摘要

Negotiations between Yara and Mosaic over the December Tampa ammonia price is expected to be settled at the beginning of next week. Fertiglobe has purchased 10,000 t ammonia from Nutrien for shipment out of Trinidad in the low $230s/t FOB. The tonnes will be delivered to Rotterdam first half of December. Market participants indicated that the transaction between these two producers does not suggest tightness in the US ammonia market, but an opportunistic sale in Europe.