Argus Media states "Taiwanese buyer TFC has secured 15 000 t from Mitsubishi at US$330/t cfr, significantly below the US$340-360/t cfr price assessed by Argus last week. Ammonia importer BASF China has also bought 5000-10000 t from Mitsubishi for delivery to Zhanjiang at US$330/t cfr".
The deals signal a notable softening of the Asian markets this week, driven by global oversupply.
