Petrobras awarded 20-25,000t AN for February loading to Trammo basis Montevideo and Zarate discharge in the revised 18 February tender. The reported sales price in the low $380s/t is estimated to provide the trader with a return at an even $300/t after costs, but before margin. The FSU AN market meantime continues to be dominated by domestic sales at levels significantly above export returns. Domestic movements still provide producers with returns equivalent to about $340/t fob for export, a full $40/t premium on bids currently available from traders for export.
展开▼
