Ammonia Prices and Forecasts | Provided by Procurement Resource
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Ammonia (NH3) is one of the most prevalent nitrogen-containing substances in the environment. It is a colourless, alkaline gas. It is an irritant that is used in the commercial and industrial sectors. It has a distinctly unpleasant scent. Due to its high-water solubility, it deposits in the upper airways when breathed.
The production of amino acids and nucleotides, which is essential for many biological processes, uses ammonia as a precursor. It is produced by bacteria in the soil using animal and plant waste, organic debris, and plant material as food.
The top three ammonia-producing countries are China, India, and Russia.
Key Details About the Ammonia Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ammonia price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Ammonia price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ammonia Price Trend:
Every year, ammonia is produced, and its market value is estimated to be around USD 60 billion. It is mainly employed as a fertiliser. The industry’s expansion is fueled by the continuous demand for products from the agriculture sector.
It is also utilised in the manufacturing of leather, rubber, paper, and wood. Other than that, it is used in employed in the cold storage of refrigeration systems, printing inks, water waste treatment, stabiliser, explosive, and as a source of nitrogen.
Additionally, it is also employed in a wide range of industries, including mining, pharmaceuticals, and textiles. When used as a refrigerant gas in air-conditioning equipments, ammonia helps in absorbing heat.
Key Market Players:
- Yara International
- Qatar Fertiliser Company
- Nutrien Ltd.
- Jordan Phosphate Mines Company Limited
- Eurochem Group AG
- Yidu Xingfa Chemical Co. Ltd.
- Yunnan Yuntianhua International Chemical Co. Ltd
- Chemische Fabrik Budenheim KG
- Innophos, Inc.
- Maaden-Saudi Arabian Mining Company
News and Events:
- August 4, 2022: Powerhouses in engineering and construction, KBR and McDermott International, reached a licensing agreement to offer integrated solutions for KBR’s unique ammonia technologies. In response to the expanding ammonia market, the deal combines KBR’s cutting-edge technology with McDermott’s expertise in worldwide implementation, modularization, and vision.
- August 4, 2022: SABIC (Agri-Nutrients Company), in collaboration with Aramco, earned the highest independent recognition in the world for recognising blue hydrogen and ammonia production. The honour was given by the renowned independent testing, inspection, and certification organisation TUV Rheinland, which was founded in Germany. It was provided to SABIC AN in Jubail and to Aramco’s fully-owned refinery (SASREF), which is also in Jubail, together with 37,800 tonnes of blue ammonia and 8,075 tonnes of blue hydrogen.
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