Ammonia future prices have increased in the wake of the US-Israel conflict with Iran. The SGX Argus ammonia fob Middle East futures contract (AMMF) traded at $590/t fob for a 1,000t clip today.
AMMF last traded at $446.50/t fob Middle East for a December-April strip.
European ammonia futures surged on 2 March in anticipation of a potential disruption to global supply as a result of the escalating Middle East conflict. A 1,000t April clip traded at $725/t cfr duty free/paid on the Ice Ammonia Outright — Argus Ammonia northwest Europe contract, a $130/t increase from where the April contract last traded on 17 February.
