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The prices of ammonia increased significantly in the fourth quarter of 2021 in the North American region, owing to a significant increase in the value of the commodity as a result of a global nitrogen fertilizer shortage. The assessed value of ammonia FOB New Orleans (USA) pricing reached USD 1177/MT in December, marking an all-time high. As a result of the damaged availability of hydrogen and nitrogen in the aftermath of Hurricane Ida, ammonia supplies in the quarter saw sluggish production levels.
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Ammonia price Trend and Forecast The prices of ammonia increased significantly in the fourth quarter of 2021 in the North American region, owing to a significant increase in the value of the commodity as a result of a global nitrogen fertilizer shortage. The assessed value of ammonia FOB New Orleans (USA) pricing reached USD 1177/MT in December, marking an all-time high. As a result of the damaged availability of hydrogen and nitrogen in the aftermath of Hurricane Ida, ammonia supplies in the quarter saw sluggish production levels. https://www.chemanalyst.com/Pricing-data/ammonia-37
Indian market saw robust Ammonia demand Overall, Ammonia market sentiments in Asia were positive, as the Indian market saw robust Ammonia demand to meet their needs during the rabi crop season, while the prognosis for Chinese Ammonia in the domestic spot market remained bullish, owing to higher natural gas and coal prices. In addition, in the fourth quarter of 2021, the impact of Chinese authorities' dual-control energy consumption requirements to reduce carbon emissions and limit power use prevailed. https://www.chemanalyst.com/Pricing-data/ammonia-37
Prices of Ammonia in North American In Europe, the pricing trend of Ammonia experienced an upward trajectory backed by the spike in raw material due to skyrocketing prices of natural gas Ammonia prices rose effectively in the North American region as the demand for Ammonia remained strong from the major downstream fertilizer industry
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