Monthly Ammonia Price PowerPoint PPT Presentations

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 remained firm from downstream agrochemicals industries.

Sodium Bicarbonate demand maintained an overall stability throughout the quarter across North America. The demand side was majorly driven by food, pharmaceutical and animal feed segment, while other segments like water treatment, Industrial chemicals remained comparatively low performing in the region.

The North American region faced improved demand for Urea during the quarter, but due to the shortage of feedstock chemicals, prices remained high. Several feedstock Ammonia plants remained idled with several other production units across the gulf coast as an effect of winter storm.

However, the demand for fertilizers remained suspended for more than a month, as snow and frequent rains reduced the farming activities during the time period. This demand effectively improved in March and overall prices of Ammonium Nitrate showcased improvement by more than 20% within the quarter across Nebraska farms.

Constantly Fluctuating raw material prices, the Urea Price in the North American region first surged and then declined in the second quarter of 2022. Initially, Farmers in North America have delayed purchases due to the worldwide nitrogen fertilizer scarcity and new high pricing. US urea prices for June hit USD 646 per tonne FOB Corn Belt. In April, local industries and downstream consumers were put under strain by higher feedstock Ammonia prices because of rising natural gas prices. Due to decreased demand near the end of the quarter, prices have also decreased in the domestic market. https://www.chemanalyst.com/Pricing-data/urea-1190

Asia pacific is the largest producer of Acetonitrile, holding more than 50% of the total market share in terms of production and leading in terms of consumption. The regional supply remained tight due to planned and unplanned turnarounds and reduction in the supply from the northeast Asian region in October.

Although the demand fundamentals of Melamine remained plagued by the uncertainties caused by Coronavirus, several manufacturers reported a marginal revival in demand compared to the previous quarter. Demand from the construction sector also improved with increase in number of do-it-yourself (DIY) home renovation projects.

The Americans reported strong pull from the fertilizers segment due to a robust growth in demand despite the economic downturn due to surging COVID-19 cases. Geared up agricultural practices in Canada prompted the sectoral growth.

The Asian market witnessed a continuous boom in the Hydrogen demand as a fuel, especially in China. China invested a lot in Hydrogen fuel in past couple of years to reduce CO2 emission of the country, and they continued this trend in last quarter as well. Meanwhile, surge in COVID 19 cases in China forced the government to implement partial lockdown across some region, which affected the transportation of Hydrogen and ultimately reduced the availability of Hydrogen in the country. On the other hand, Indian government also announced a big budget of green Hydrogen that enhanced the market sentiments across the country.

Asian Diammonium Phosphate market remained firm in Q4 2020 driven by its appreciable consumption from the fertilizer industry. In China, before November, domestic supply of phosphate fertilizers was deemed low, as various manufacturers were more inclined towards catering to the global demand under expectations of better netbacks.

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