Ammonia Prices Up in Europe and Asia Amid Supply Constraints Despite Fluctuating Demand

Ammonia Prices Up in Europe and Asia Amid Supply Constraints Despite Fluctuating Demand

Yage Kwon 23-Aug-2024

Prices for Ammonia in the European and Asian markets are different in the first half of August xxxx. The increase in commodity prices, especially natural gas, has increased significantly production costs and rising Ammonia costs. At the same time, the European market is suffering from significant shortages due to low production, labor shortages exacerbated by the summer holidays, and a shortage of essential raw materials. These problems were compounded by trade uncertainty and export delays, which led to higher import prices and disrupted supply chains. Despite these pressures, domestic Ammonia demand in Europe continues to remain inconsistent due to adverse weather conditions affecting agriculture and lower demand for bottom crops. At the same time, in the Asian market, prices were almost constant, although a slight uptick was observed owing to firm export demand.

Ammonia prices surged in the European region...

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