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 Ammonia 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 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
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The study delves into the factors affecting ammonia price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/ammonia-pricing-report/requestsample
Ammonia Price - Last Quarter
The ammonia market is driven by strong demand from the agricultural sector, where it is a primary component in nitrogen-based fertilizers that are crucial for crop productivity and food supply. The global emphasis on increasing agricultural output to meet the needs of a growing population has significantly bolstered ammonia consumption. Additionally, ammonia is gaining traction as a promising clean energy carrier due to its hydrogen content and potential use in carbon-free energy production, aligning with global sustainability goals and renewable energy initiatives. The industrial sector further supports market growth through its use of ammonia in various processes, including the production of chemicals such as urea, nitric acid, and ammonium nitrate, which are vital in manufacturing and mining operations.
Moreover, supply dynamics, driven by major producers ramping up production capabilities and the exploration of green ammonia production methods, contribute to market momentum. Furthermore, increasing investments in research and development to optimize ammonia synthesis and reduce environmental impact underline its evolving role in both traditional and emerging sectors, solidifying its position as a versatile and essential chemical in the global market landscape.
In Q4 2023, the North American ammonia market experienced a bullish trend driven by rising feedstock natural gas prices, increased demand from the fertilizer industry ahead of the winter planting season, and limited regional supply. US prices surged, particularly due to supply disruptions like the shutdown of a key production facility in Louisiana. Seasonal demand and logistical issues at the Panama Canal contributed to inventory buildups, impacting exports. In the APAC region, volatility persisted, with significant price changes in China influenced by reduced exports and strong domestic demand for the rabi planting season.
Government restrictions on fertilizer exports led to a price decline by the end of the quarter. South America's market also faced supply constraints, with expensive imports and transportation challenges due to bottlenecks at the Panama Canal, compounded by El Niño-induced droughts dampening demand. The European market experienced early price increases due to production halts and strong international demand after China limited exports. However, adverse weather and trade uncertainties, including Red Sea disruptions, led to a buildup in port inventories. Furthermore, the MEA region saw initial price surges driven by reduced production and international demand but faced a downturn in December due to declining Asian demand and European weather challenges, impacting trade routes and supply balance.
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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