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, titled "Ammonia Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of ammonia prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Ammonia Prices December 2023:

• United States: 760 USD/MT
• 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.

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Ammonia Price Trend- Q4 2023

The global ammonia market in early 2024 was shaped by a complex interplay of factors including supply chain disruptions, variable demand from the agriculture sector, and fluctuating raw material costs, notably natural gas prices. In regions like North America, adverse weather significantly impacted agricultural activities, thereby reducing domestic demand for ammonia, which is primarily used in fertilizer production. Simultaneously, logistical challenges, such as those seen on the Mississippi River, created supply bottlenecks that disrupted market equilibrium. In contrast, APAC markets faced a different scenario where initial oversupply was counteracted by production setbacks, such as equipment malfunctions and regulatory constraints in China, which eventually led to localized shortages and price volatility. Europe and South America experienced similar downturns due to weather adversities and economic factors affecting the agricultural sector's purchasing power and operational timing, which in turn influenced ammonia demand. The Middle Eastern market saw price declines driven by an oversupply situation exacerbated by geopolitical tensions affecting export logistics.

Ammonia Market Analysis

The global ammonia market size reached US$ 79.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 120.1 Billion, at a projected CAGR of 4.54% during 2023-2032. In North America, the significant 20.6% drop in ammonia prices during the first quarter of 2024 can be attributed to a confluence of factors. The primary driver was the fluctuation in natural gas prices, a critical input in ammonia production, which affects production costs. Concurrently, unfavorable weather conditions severely impacted agricultural schedules, particularly affecting crop planting, which in turn decreased domestic ammonia demand. Operational interruptions at major production facilities due to harsh weather further exacerbated the supply situation, although they did not directly impact prices due to the overall reduced demand. Moreover, logistical disruptions along key transportation routes like the Mississippi River delayed ammonia shipments, contributing to increased port inventories and dampening price levels.

In the APAC region, ammonia prices saw considerable fluctuations influenced mainly by supply dynamics and regulatory actions. The quarter began with an ample supply due to increased production and reduced demand following the peak planting season, leading to lower prices. However, disruptions in Chinese production facilities due to equipment issues and sales halts significantly tightened the supply by late February. These operational challenges, coupled with stringent environmental regulations in regions like Shandong, curtailed production capacities, contributing to emergent supply shortages. Despite these challenges, a slight recovery in domestic demand towards the end of the quarter, driven by preparation for the upcoming planting seasons, helped stabilize prices slightly.

In Europe, the 17.3% decline in ammonia prices was driven by an oversupply in the market and muted demand from the downstream fertilizer sector. Unfavorable weather conditions across different parts of Europe further influenced agricultural activities, reducing the immediate need for ammonia-based fertilizers. Additionally, geopolitical and economic uncertainties, including farmers' protests over rising energy costs, dampened market sentiments. These protests indirectly affected ammonia demand by reducing farmers' purchasing capacities and enthusiasm. Despite temporary shutdowns of major facilities, the overall impact on prices was minimal due to the prevailing conditions of oversupply and reduced demand.

The South American market witnessed a 16.8% decline in ammonia prices, influenced by several factors including seasonal demand fluctuations due to Carnival festivities and ongoing drought conditions, which suppressed agricultural activity. An influx of cheaper ammonia imports from mid-February, facilitated by reduced freight charges, helped to somewhat balance the domestic supply-demand dynamics. Adaptability in logistics, with increased reliance on road and air transport, ensured continued supply amidst geopolitical and environmental challenges, thereby helping to stabilize prices despite the prevailing adverse conditions.

In the Middle East, the drop in ammonia prices was largely due to decreased natural gas prices, reducing production costs and thereby influencing the lower ammonia prices. The regional supply exceeded demand, leading to increased inventories. Ongoing conflict-related disruptions in shipping routes further complicated export activities, intensifying supply pressures. Notably, strategic export pricing to markets like India by Saudi Arabian producers helped in clearing some of the excess supply, although it contributed to the continued price depression observed in the region.

Browse Full Report: https://www.imarcgroup.com/ammonia-pricing-report

Key Points Covered in the Ammonia Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Ammonia Prices
• Ammonia Price Chart
• Ammonia Demand & Supply
• Ammonia Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Ammonia Price Analysis
• Ammonia Industry Drivers, Restraints, and Opportunities
• Ammonia News and Recent developments
• Global Event Analysis
• List of Key Players

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

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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