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Meanwhile Lunar year in China, reduced the inventories level of Chinese manufacturers that created an additional burden on prices. The aqueous Ammonia prices in Indian market rose by 7.07% within the quarter and settled at USD 313.28 per MT in March.
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E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Ammonia Market For the Quarter Ending March 2021 North America Ammonia production in North America remained disrupted throughout the quarter due to severe climate calamity. Supply for Ammonia across the region remained tight while the demand agrochemicals industries. During this period, some major Ammonia plants like Nutrien No 4 plant with an annual capacity of 760,000 MT, Tringen 2 with capacity of 500,000 MTand Yara BASF plant with a capacity 750,000 MT at freeport Texas remained idled. The shortage of Ammonia across the region made the prices to rise, FOB prices of Ammonia at Texas improved from USD 195 per MT (January 2021) to USD 205 per MT (March 2021). remained firm from downstream FOLLOW US:
Ammonia Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Asia Demand for Ammonia in the domestic Asian market remained stable to firm throughout the quarter. Though the supply remained tight, as trading activities witnessed difficulties due to congestion on prime trading routes amidst the increased freight & shipping cost. Meanwhile Lunar year in China, reduced the inventories level of Chinese manufacturers that created an additional burden on prices. The aqueous Ammonia prices in Indian market rose by 7.07% within the quarter and settled at USD 313.28 per MT in March. Get more info: https://www.chemanalyst.com/Pricing-data/ammonia-37 Europe Europe had a robust demand for Ammonia from domestic agrochemicals manufacturers, while witnessing unstable supply. High demand amidst tight supply forced traders to opt for premium prices of Ammonia. Later during March Suez Canal crisis also impacted the trading activities across Asia and Europe, which also affected the prices of Ammonia in the European region. Traders anticipated that the supply activity would normalize soon after the major plants of the region resume their activity. How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. FOLLOW US:
Ammonia Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Ammonia manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Ammonia market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence the Global Ammonia market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis. Finally, region-specific markets for Ammonia are analyzed and region-wise demand pattern is tracked. FOLLOW US:
Ammonia Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Ammonia (NH3) is a colorless gas, possessing a characteristic pungent odor. Ammonia is one of the largest-volume synthetic chemicals used as a building block of the world nitrogen industry and is used as a crucial intermediate to produce a wide variety of nitrogen-based fertilizers such as urea, ammonium nitrate, ammonium phosphates, nitric acid, ammonium sulfate and several industrial products. Ammonia can be produced via multiple manufacturing techniques. The chief commercial method of producing anhydrous liquid ammonia is by the Haber-Bosch process, which involves the catalytic reaction of elemental hydrogen (sourced from natural gas) and elemental nitrogen (derived from process air)- known as the "ammonia synthesis loop". In the textile industry, Ammonia is used for manufacturing synthetic fibers, such as nylon and rayon. Ammonia is also used in various metallurgical processes for nitriding alloy sheets to harden their surfaces and also serves as a portable source of atomic hydrogen for welding. The largest Ammonia producing countries are China, India, Russia, United States, Trinidad & Tobago, and Indonesia. Product Specific Details CAS No.: 7664-41-7; HS Code: 28141000; Packaging Size: Drum/tank; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore, Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:
Ammonia Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ is ‘one stop’ comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst online portal that offers ChemAnalyst’s tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. team of 100+ analysts are engaged in ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more. CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US: