Ammonia Prices, Demand, Historical and Forecast Data
Ammonia Price in USA
- United States: 760 USD/MT
During Q4 2023, the price of ammonia in North America surged upwards due to elevated natural gas expenses and robust domestic demand for winter planting. However, prices took a sharp downturn in December, driven by an excess of supply in the regional market.
The latest report by IMARC Group, titled “Ammonia Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Ammonia Prices . This report delves into the Price of Ammonia globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Ammonia demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Ammonia Price Analysis:
- China: 500 USD/MT
- Europe: 650 USD/MT
Ammonia Price – Last Quarter
The increasing demand for food production, creating the need for enhanced agricultural productivity, is boosting the market growth. Moreover, the widespread utilization of ammonia in the production of fertilizers to boost crop yields is fueling the market growth. Besides this, the growing popularity of ammonia in various industrial processes, such as its role as a refrigerant in cooling systems and its application in the production of chemicals such as acrylonitrile and urea, are driving the market growth. Additionally, the rising exploration of ammonia as a potential clean fuel alternative due to its high energy density and low carbon emissions when used in combustion is creating a positive outlook for the market growth.
Furthermore, the imposition of favorable policies and regulations that support agricultural productivity and industrial growth is driving the market growth. In addition to this, rapid technological advancements in ammonia production that improve efficiency and reduce costs are bolstering the market growth. Moreover, the rising innovations in production technologies, such as more efficient processes and carbon capture methods, that make ammonia production more sustainable and cost-effective are supporting the market growth.
In the last quarter, the ammonia market in Saudi Arabia experienced fluctuating trends. Prices initially dropped due to a decrease in netbacks from contractual shipments to North Africa and Asia, which pressured the market downward. However, as the quarter continued, several factors led to a noticeable price increase. One major factor was the rising production costs, driven by higher prices for natural gas, an essential feedstock for ammonia production. Additionally, geopolitical changes played a crucial role.
China’s halt on fertilizer exports to India heightened demand pressures in the Middle Eastern region. This shift led Indian buyers to seek alternatives, increasing the demand for Saudi ammonia. Compounding this was limited spot availability and disruptions in supply chains, which intensified the price surge. These factors together created a volatile market environment, characterized by increased prices and heightened market instability in the Saudi Arabian ammonia sector.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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