Calcium Ammonium Nitrate Price Trend and Forecast

Regional Price Overview

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

For the First Half of 2022

Asia

The fertilizer prices exploded globally owing to the Russian invasion of Ukraine. With Russia and Belarus being the significant exporters of fertilizers, retaliatory sanctions against them surged the fertilizers prices worldwide. The prices of feedstock ammonium nitrate surged in the Chinese domestic market, averaging 850 USD/MT  FOB Qingdao during the first quarter. However, the prices started strong during the second quarter but declined towards the end of June 2022.

This decline was due to the weak market sentiment owing to the cautious buying activities of buyers amid the growing speculation of a global recession. The prices of feedstock ammonium nitrate averaged 790 USD/MT in the second quarter. The price trends of calcium ammonium nitrate (CAN ) were in line with the oscillating price trends of its feedstock.

Europe

The prices of feedstock ammonium nitrate and calcium nitrate surged throughout the European market during the first half of the said year. With the soaring crude oil and natural gas prices, Yara ( one of the major fertilizer producers) temporarily cut nitrogen production in its plants in Italy and France, with both the plants churning out fertilizers at 45% capacity.

Also, Tukey, which majorly exports CAN to the UK, suspended its exports, thereby causing massive volatility in the market. The sanctions against exports from Russia and Ukraine worsened the already tight supplies. Hence, the prices of feedstock ammonium nitrate soared, averaging 964-972 USD/MT.

North America

In line with its European counterpart, CAN prices surged in the US domestic market during the first half of the said year. The inflated feedstock prices amid the heightened transportation cost and robust demand from the agricultural sector kept the CAN prices afloat in the market.

Procurement Resource provides latest prices of Calcium Ammonium Nitrate. 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.