*Freight steady*
No major changes in rates.
*Weather impact*
Rain delays in key regions.
*Policy watch*
Export policy changes expected soon.
*Prices up*
Spot market sees a $24/mt increase.
*Prices up*
Spot market sees a $29/mt increase.
*Prices up*
Spot market sees a $24/mt increase.
*Inventory update*
Levels at 11% capacity.
*Prices up*
Spot market sees a $19/mt increase.
*Policy watch*
Export policy changes expected soon.
*Policy watch*
Export policy changes expected soon.
*Demand surges*
Importers are seeking 13+ tons.
*Supply tight*
Limited spot availability reported.
Mitsubishi Chemical to close ammonia, methanol plant in Japan
LONDON (ICIS)–Mitsubishi Chemical Group has decided to end production at its Onahama Plant in Iwaki City, Fukushima prefecture, by the end of March 2027, the Japanese chemicals major said in an update on Tuesday.
The plant produces ammonia and ammonium hydroxide; methanol, formalin, wood-based adhesives, and AdBlue (a urea-based agent for diesel motor vehicle exhaust); fatty acid amides; ultra-high purity process chemicals; and triallyl isocyanurate (TAIC) derivatives.
In addition, Mitsubishi has decided to close its Shinryo plant, also at Iwaki City, which produces fine chemical products and TAIC, it said.
The company tried in recent years to streamline operations at the two plants and attract new business, in response to “drastic changes in the market environment”, it said.
However, despite these efforts, “securing profitability at these plants has become extremely difficult”, it said in explaining the decision to close them down.
The manufacturing of products at the two plants will be discontinued in stages starting in March 2026 and fully terminated by the end of March 2027.
Affected employees will be reassigned to other Mitsubishi plants or will be provided “outplacement support”, the company said. It did not comment on financial impacts.
Container freight is $110 from Nigeria
Dangote sold 30 KT in Bulk . They have issue with slow loading so their rates are lower
Our FOB for 45 KT is 375 around
We can offer in Containers on CFR
Workable price is around 490 CFR
In 50 KG bags
Payment Advance
Price is sub to reconfirmation pls
Shipment within 30 days from payment receipt