Green Ammonia Price Trend and Forecast

Green Ammonia Regional Price Overview

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

Green Ammonia Price Trend for the Q3 of 2024

In the third quarter of 2024, the prices of green ammonia witnessed mixed trends globally as the commodity displayed regional pricing variations influenced by the country's environmental laws and its decolonization goals. As green ammonia is produced using renewable sources of power, its prices remain tied to the prices of renewable energy, especially solar and wind energy in emerging economies. India’s green ammonia sector faced challenges as the deadline for its inaugural tender, launched by the Solar Energy Corporation of India (SECI), was extended due to bidder queries.
 

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The tender, part of the National Green Hydrogen Mission, sought bids for 5.39 lakh metric tonnes of green ammonia annually, with the original deadline set for July 29. However, it was extended to September 30 to allow more time for bidders to understand the complexities of the industry. Concerns over high capital expenditure and low profitability raised doubts about commercial viability. This states the nascent nature of this sector, especially in developing economies.

The growing interest in the commodity had kept the prices volatile in emerging economies with changing government policies. However, stable market dynamics were witnessed in developed regions like the United States and Europe. Overall, the prices of green ammonia displayed regional variations during the given time period.

Analyst Insight

According to Procurement Resource, the price trend of Green Ammonia is expected to maintain the same trend in the upcoming quarter, driven by the environmental policies of the region amid the growing interest in renewable energy sources.

Procurement Resource provides latest prices of Green 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.