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Ammonium Nitrate

Ammonium Nitrate Prices Overview

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Market Overview

Quarterly Update on Ammonium Nitrate Market

For the Quarter Ending March 2021

North America

North American market faced acute shortage of Ammonium Nitrate across the region during Q1 2021. After the winter storm Uri stroke US Gulf Coast in February, the availability of feedstock chemicals Ammonia and Nitric Acid reduced affectively due to curtailed production activities. 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.

Asia

Asian countries encountered firm demand for Ammonium Nitrate fertilizerfrom domestic agriculture sector during the quarter ending March. With the arrival of crop season Zaid in India, and with uplifted sentiments after sufficiently good crop in the prior quarter, demand for Ammonium Nitrate in the Indian market improved effectively. Indian imports witnessed an increase on y-o-y basis during Q1 2021. Meanwhile in Chinese market similar scenario was observed where the seasonal demand remained consistently firm.

Europe

Arrival of Spring season escalated the market sentiments of Europe, where the demand remained substantially high throughout the quarter. However, unfavourable climate condition in some areas halted the agricultural activity for some weeks, which later recovered efficiently. Thus, the prices rose affectively in Europe for almost all the fertilisers including Ammonium Nitrate especially from UAN fertilisers segment, whose demand was observed higher than many other alternatives.

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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.

Services

Market Analysis

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 Ammonium Nitrate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Ammonium Nitrate 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.

News & Deals

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.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Ammonium Nitrate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of 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 Ammonium Nitrate 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 Global Ammonium Nitrate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Ammonium Nitrate are analyzed and region-wise demand pattern is tracked.

About

Ammonium Nitrate is a white granular solid, which is highly soluble in water and hygroscopic in nature. It has a chemical formula NH₄NO₃, with a melting point of 169˚C and highly favourable in agriculture sector. Ammonium Nitrate is predominantly used as a fertilizer either as stand-alone product or after blending with other like Urea Ammonium Nitrate (UAN). Industrial production of Ammonium Nitrate includes the reaction of anhydrous Ammonia gas and concentrated Nitric acid. This is a highly exothermic reaction which yields a solution with 83% concentration, water is evaporated to get more than 95% concentration, which later processed and granulated. Uzbekistan followed by Poland, USA, Ukraine and Canada are the major producers of Ammonium Nitrate.

Product Specific Details

CAS No: 6484-52-2; HS Code: 31023000; Grades: Fertilizer and Industrial grade; Packaging Size: 25 kg bags; 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

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Ammonium Nitrate Prices Overview