Ammonia Prices, Trend, Demand, Monitor, Index, Chart and Historical Prices

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.

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