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
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
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 in 2024 has been influenced by several factors across different regions. In North America, the market experienced a decline in prices due to subdued demand from fertilizer markets, exacerbated by climate-related challenges, oversupply, and cautious purchasing behavior. The Asian market, particularly in China, saw mixed sentiments, with price fluctuations driven by the resumption of production at major plants and varying demand for ammonia derivatives. In Europe, a downturn was noted due to unfavorable weather conditions, oversupply, and geopolitical uncertainties.
Meanwhile, in the Middle East and Africa (MEA), prices increased due to higher production costs and geopolitical shifts, such as China's halt on fertilizer exports, which intensified demand pressures. In South America, prices initially rose due to favorable weather conditions and increased fertilizer demand but later declined as the quarter progressed due to the conclusion of harvesting activities and sufficient supply from imports.
Factors influencing Ammonia prices in the last quarter:
North America:
Ammonia prices in North America during the Q2 2024 were primarily influenced by subdued demand from key fertilizer markets, which faced disruptions due to extreme weather conditions. The oversupply of ammonia, combined with cautious purchasing behavior by farmers and reduced international inquiries, further pushed prices down. Although natural gas prices, a crucial feedstock for ammonia, fluctuated, their impact on ammonia prices was limited due to the prevailing oversupply in the market.
Asia-Pacific:
In Q2 2024, in the APAC region, ammonia prices showed a mixed trend, with significant fluctuations driven by supply and demand dynamics. Early in the quarter, a surplus of ammonia, particularly in China due to resumed operations at major plants, led to a price decline. However, a resurgence in demand, both domestically and internationally, in the middle of the quarter, along with shipping challenges and increased freight costs, contributed to a price surge.
Europe:
In Europe, ammonia prices were on a downward trajectory in Q2 2024, heavily impacted by unfavorable weather conditions and an oversupply in the market. The agricultural sector, a significant consumer of ammonia, faced challenges due to harsh windstorms and floods, reducing the need for fertilizers. Additionally, ongoing geopolitical uncertainties added to market instability, leading to further price reductions.
MEA (Middle East and Africa):
The MEA region witnessed divergent trends in ammonia prices in Q2 2024. Prices initially declined due to lower netbacks on shipments to North Africa and Asia, but later surged due to rising production costs driven by higher natural gas prices. Geopolitical factors, such as China's halt on fertilizer exports, intensified demand in the region, further pushing prices up. Limited spot availability and constrained supply chains also contributed to the upward price movement, highlighting the region's heightened market volatility and reduced supply elasticity.
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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