China: Domestic prices gain ground as spot ideas ease off

摘要

With ammonia buyers continuing to target price ideas below $600/t CFR amid limited industrial – and seasonal – demand, the market appears to be taking on an increasingly bearish approach. On the domestic front, most regions saw slight increases this week, with prices in Anhui up RMB219/t ($30/t) at RMB3,969/t ($548/t) FCA. This level reflects delivered prices in the $458/t CFR region, still well below prevailing spot ideas.