The third quarter remained quite challenging for the US Ammonia producers who reported stable sales throughout Q3 as hurricanes and tropical storms forced turnarounds at several chemicals and fertilizers plants. A 500,000 tpy export-oriented Trinidad Nitrogen Company Limited (Tringen) plant at Point Lisas was turned offline in late September among three other Trinidad producers who temporarily shut production. Nutrien was the first one to idle some of its production looking at the sudden crash in regional prices. While prices across Southeast Asia, Middle East and Russia showed marked improvement during the quarter, Ammonia stocks across Americas remained heavily discounted. Spot Ammonia prices were assessed in the range of USD 170-180 per tonne FOB US Gulf.
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.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Ammonia are analyzed and region-wise demand pattern is tracked.
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.
