In the week ending April 22, 2016, ammonia prices in Tampa CFR (Cost and Freight) continued to move sideways for the 13th straight week. Companies that sell ammonia as a product to the market (NANR) include Terra Nitrogen (TNH), CF Industries Holdings (CF), CVR Partners (UAN), and PotashCorp (POT).
During the same week, the average CFR spot prices for ammonia at Port Tampa Bay remained unchanged from the previous week, at $310 per metric ton. YoY (year-over-year), ammonia prices continue to fall significantly, by as much as ~33% to $465 per metric ton, as compared to the corresponding week last year.
Ammonia prices for at the US Gulf NOLA (New Orleans) moved sideways at $315 CFR per metric ton, which was unchanged from the previous week. Prices in the US Corn Belt also moved sideways to $550 FOB (free on board) per short ton, or $498 per metric ton.
In the international market, ammonia in the Black Sea region, Ukraine, stood at $275 per metric ton FOB, which remained unchanged from the previous week. In Western Europe, ammonia prices stood at $350 per metric ton CFR, inching up by 4% from $335 per metric ton the previous week. Prices in the Middle East stood at $355 per metric ton FOB, which remained unchanged from the previous week.
Overall, ammonia prices in domestic and international markets thus largely remained unchanged during the week ending April 22—with the exception of Western Europe. But most ammonia is converted into urea. We’ll look at urea price trends in the next part.