Throughout January xxxx, the Ammonia market experienced a continual decline in both Western and Asian regions, in stark contrast to the movement of the vital downstream derivative, Urea, which exhibited a divergent trend during the same period. In the Western market, the decrease in Ammonia prices is attributed to several factors, including the diminishing costs of crucial feedstock, Natural Gas, along with accumulated inventories and subdued demand exacerbated by adverse weather conditions. Concurrently, the Asian market witnessed a reduction in Ammonia exports and diminished demand, contributing to the overall price decline.
In North America, Ammonia prices witnessed a significant xxx decrease, primarily influenced by the easing costs of Natural Gas, a pivotal feedstock. This reduction led to decreased production rates, exerting downward pressure on Ammonia prices. The North American region faced additional challenges due to diverse weather and soil conditions between the eastern and western Corn Belt,...
