Ahead of the imminent settlement of the Tampa contract for October loadings, ammonia prices remain under downward pressure across the world due to a fundamental oversupply that has seen prices fall heavily in recent weeks. Latest spot business in India involving Saudi material nets back to around $160/tonne FOB (free on board), but buyers and traders are already talking a further discount of at least $10/tonne for October cargoes as the supply/demand balance remains long.
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