Norwegian fertilizer major Yara has announced its latest price for calcium ammonium nitrate (CAN) for January delivery to German and Benelux markets, higher by €12/t from offers for December delivery.
Yara has upped its CAN 27 offer to €317/t cif Germany and Benelux for January delivery, from €305/t cif for December.
The upward revision follows firmer European natural gas prices, and an according increase in ammonia production costs, in recent months. Argus' day-ahead assessment of gas at the TTF closed at just over $14.2/mn Btu on 6 December, up from around $12/mn Btu at the start of September.
Argus assessed spot prices for CAN 27 in Germany at €295-300/t cif inland on 5 December, with slower activity last week and limited buyer interest at prices above €300/t.
