Anhydrous Ammonia Price Trend and Forecast

Anhydrous Ammonia Regional Price Overview

Get the latest insights on price movement and trend analysis of Anhydrous Ammonia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Anhydrous Ammonia Price Trend for Q1 of 2024
 
Anhydrous ammonia prices were observed to be fluctuating throughout the first quarter of the year 2024. Consumption patterns from the agriculture sector, where anhydrous ammonia is used as a fertilizer remained the primary driver for its market behavior.
 

Anhydrous Ammonia Price Chart

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In the USA, the robust fall application season in the Corn Belt, particularly in Illinois and Iowa, limited the anhydrous ammonia demands and briefly capped the prices.  To secure commitments, producers and suppliers offered more competitive prices for second-quarter volumes to prevent risking high inventories at terminals.

Anhydrous ammonia started 2024 on a weaker note, with prices reflecting slowing demand and reduced spot trade. However, the recent USDA report indicates a slight rise in prices for anhydrous ammonia in the American market, suggesting that the market is moving past winter lows in anticipation of peak application season. Even though the prices showed a year-on-year decline, a slight month-on-month improvement was seen in March’24. In the Canadian market, too, the anhydrous ammonia prices wavered low and even lower compared to the 2023 levels. Overall, amidst lingering inventory pressure, anhydrous ammonia prices were subdued in most global markets.

Analyst Insight

According to Procurement Resource, with the current surplus stock volumes, immediate improvement seems distant for Anhydrous Ammonia. However, the consumption is steadily getting better as the summer season kicks in.

Procurement Resource provides latest prices of Anhydrous Ammonia. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.