North America Ammonia Prices Movement Q3:

Ammonia Prices in United States:

Ammonia prices in the United States reached 760 USD/MT. Then there were tremendous fluctuations in the ammonia prices in North America within Q4 on account of different phenomena. Initially, prices jumped because natural gas prices rose alongside the creation of buoyant demand for ammonia, mostly in the USA, which was primarily caused by farmer preparation for the winter planting period. The increases sounded reasoned because ammonia is significant in agricultural production. But an oversupply situation in the local market caused a massive selling of ammonia in the regional market in December. Hence, prices dropped down to 760 USD/MT in the USA, indicating a volatile and very reactive ammonia market regarding supply and demand.

APAC Ammonia Prices Movement Q3:

Ammonia Prices in China:

The price trend for Ammonia in China for Q4 settled at 500 USD/MT. China witnessed major ups and downs in ammonia pricing in the fourth quarter of the year due to several reasons. Initially, buyers rushed into purchasing of ammonia by raising prices due to excessive demand coming from India. Then the whole scene changed when the government started implementing export restrictions in November, which eliminated almost all conditions that pertained to ammonia maintaining some level of availability in international markets. The combination of less available material, volatility in feedstock prices, as well as the restrictions, caused domestic prices to dip by December. Thus, domestic demand and export-affecting governmental policies greatly influenced ammonia pricing in China.

Europe Ammonia Price Movement:

Ammonia Prices in Germany:

The price trend for Ammonia in Germany for Q4 settled at 650 USD/MT. The European ammonia market gained bullish or positive momentum in the fourth quarter of 2023, with prices rising to as much as USD 650/MT, mainly due to the now-defunct Yara production-runs that produced immense disruption in the supply chain. This pushed ammonia to be even harder to find and induced spot demand on it mostly from outside markets. However, this scenario remained during that quarter until end of the year, during which the market began suffering from declining demand by December, as spillovers of adverse weather events and geopolitical uncertainty-an example being rebel attacks in the Red Sea-may have rendered the ammonia supply chain quite fragile, thus showing how much the impact of outside factors can have on market stability.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Ammonia Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Ammonia price trend, offering key insights into global Ammonia market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Ammonia demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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