Ammonia Prices, Trends & Forecasts | Provided by Procurement Resource

Ammonia is a chemical compound. It is a colorless gas with a pungent, suffocating odour. It has the chemical formula NH3 and is composed of one nitrogen atom and three hydrogen atoms.

The boiling point of ammonia is 33.34°C (-28.01°F) and its melting point is -77.73°C (-107.91°F). The density of ammonia is 0.771 g/L at 0°C and 101.325 kPa and its molecular weight is 17.03 g/mol. It is highly soluble in water and the vapor pressure of ammonia is 8.7 atm at 20°C (68°F)

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It is highly reactive and can form explosive mixtures with air, making it a dangerous substance to handle without proper precautions. It is commonly used as a refrigerant, a cleaning agent, and in the production of fertilizers, textiles, and plastics.

China, the United States, Brazil, Russia, Germany, and Australia are the top ammonia-producing countries around the globe.

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, including India’s Ammonia price, and USA’s Ammonia price, 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:

Ammonia is an essential industrial chemical that is primarily used in various end-user industries. One of its most common uses is as a feedstock for the production of fertilizers, such as urea, ammonium nitrate, and ammonium sulfate.

It is also used as a refrigerant in industrial and commercial cooling systems. It is highly effective at absorbing heat, making it an ideal choice for use in refrigeration and air conditioning.

On the other hand, it is also used in the production of textiles and synthetic fibers, such as nylon and rayon.

It also finds its application in the production of plastics and resins. It is also used as a raw material in the manufacture of products such as polyamides and polyurethanes.

Key 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

Recent News:

  • September 2022: The Global Blue Ammonia Hydrogen Project in United State Gulf Vf was announced by OCI. The company started construction of an about 1.1 million tons per annum blue ammonia facility with an infrastructure of about 2.2 mtpa capacity.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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Navigating Ammonia Price Trends in 2023: Insights and Strategies

Ammonia, a fundamental compound in agriculture, industry, and various chemical processes, serves as a cornerstone of modern society. As we embark on the journey through 2023, comprehending the intricate landscape of ammonia prices is essential. This article delves into the trends, analysis, and insights of ammonia prices in 2023, unveiling the factors that steer its market dynamics.

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Ammonia: A Versatile Chemical Entity

Ammonia (NH3) holds a pivotal role in multiple sectors, from being a key component in fertilizers to serving as a precursor in the synthesis of various chemicals. Its versatility extends to refrigeration, cleaning agents, and even renewable energy applications. The economic importance of ammonia is closely tied to its integral role in global food production.

Price Analysis: Deciphering the Patterns

Understanding the dynamics of ammonia prices in 2023 requires navigating through a multitude of factors. The cost of ammonia is influenced by variables such as raw material costs, energy prices, production capacity, global supply and demand, and geopolitical developments. Furthermore, environmental regulations and technological advancements can introduce volatility into the pricing landscape.

Price Chart and Graph: Visualizing the Fluctuations

To gain comprehensive insights into ammonia price trends, industry experts often refer to price charts and graphs. These visual aids provide a snapshot of how prices have evolved over the year. Analyzing these graphical representations enables decision-makers to identify patterns, anticipate potential shifts, and make informed choices based on historical data.

The ammonia price chart for 2023 unveils a dynamic depiction of market trends, highlighting phases of stability, abrupt spikes, and gradual descents. These movements are influenced by a multitude of market factors, enabling stakeholders to strategize effectively in areas such as procurement, production, and pricing to respond to market oscillations.

Price Analysis: Delving Deeper into Market Behavior

A meticulous analysis of ammonia prices in 2023 unveils the driving forces behind market behavior. Fluctuations in demand, often tied to seasonal agricultural activities or industrial consumption, can lead to swift price adjustments. Conversely, shifts in supply due to factors such as production capacity or natural gas prices can also impact pricing.

Furthermore, it’s crucial to consider the broader context. How do shifts towards sustainable agriculture impact ammonia consumption and pricing? How do advancements in ammonia production technologies influence the market’s supply chain? These questions contribute to a holistic understanding of ammonia price trends.

Strategies Amidst Market Dynamics

As we navigate through 2023, businesses operating within the ammonia sector must remain agile and responsive to evolving market dynamics. Utilizing a combination of data analysis, predictive modeling, and comprehensive market intelligence is crucial for making well-informed decisions within an ever-changing environment.

Conclusion

The year 2023 presents a dynamic landscape for the ammonia market, as it navigates a spectrum of influencing factors. By analyzing price trends, charts, graphs, and conducting thorough price analyses, industry stakeholders can unravel the complexities driving price fluctuations. Thriving in this dynamic environment requires vigilance, strategic planning, and the ability to anticipate and respond promptly to market shifts. As industries continue to innovate and adapt, the trajectory of ammonia prices will undoubtedly remain a pivotal point within the broader agricultural, industrial, and chemical landscape.