Waypoint August Ammonia Market Update: 1
Published on
1 August 2024
Written by
Hugo Nankivell
Share on
Chinese ammonia exports decreased by 76.6% in the first half of 2024 compared to the same period in 2023, Urea export has also been banned over this same period with the Chinese Government focusing on affordability for local farmers. Of these exports, 85% are destined for Vietnam.
Current ammonia prices in China are between $289 and $300 USD per metric ton (2700-2800 RMB), with prices trending downward.
In the United States, the August contract price for ammonia in Tampa has been set at $475 USD per metric ton CFR, an increase from the July price of $415 USD per metric ton.
There is considerable activity in the ammonia sector globally, with large-scale green and blue ammonia projects underway. Currently ammonia remains closely linked to natural gas prices. Ammonia is a key ingredient in producing several essential fertilisers. It serves as the primary feedstock for synthesising products like Calcium Ammonium Nitrate (CAN), Urea, Ammonium Sulphate (Amsul), Ammonium Sulphate Nitrate (ASN), Mono-Ammonium Phosphate (MAP), and Di-Ammonium Phosphate (DAP).
These fertilisers are crucial for providing nitrogen and phosphorus nutrients, which are vital for plant growth and agricultural productivity. The ongoing developments in ammonia production and pricing directly impact the availability and cost of these fertilisers worldwide.
Related posts
Waypoint's outlet to help you navigate global markets.
September Fertiliser Market Update: Shifts and Trends
Discover the latest shifts in global fertiliser markets for September, with price trends across regions like China, Europe, and Egypt. Learn how supply dynamics, agricultural demand, and macroeconomic policies are driving key changes.
Shifting Focus to Phosphate Markets in Asia
Discover key trends shaping the Asian phosphate market, from rising agricultural demand to industrial applications like battery production. Learn about supply chain challenges, price volatility, and strategic opportunities for buyers navigating this evolving landscape in Asia.
Navigating Fertiliser Importation: Boosting Sub-Saharan African Agriculture
Explore key challenges and opportunities in fertiliser importation for sub-Saharan Africa, focusing on logistics, regulations, and market potential. Learn best practices to boost agricultural productivity and navigate complex compliance frameworks to ensure food security across the region.
The Evolution of Fertilizers in LATAM
Explore the evolution of fertilizers in Latin America, from ancient organic methods to modern water-soluble innovations. Learn how fertilizers have shaped agriculture, boosting crop yields and sustainability, while helping LATAM remain competitive in global markets.
BHP's Jansen Project: A New Frontier in the Global Potash Market
BHP’s Jansen Project in Canada may transform the global potash market, offering a new supply source amidst geopolitical disruptions. With a $10.6 billion investment, Jansen aims to meet rising global demand for agricultural growth and food security, positioning BHP as a key player in the industry by 2026.
Fertiliser Market in Ukraine: 2024 Overview
Ukraine's fertiliser market faces challenges from geopolitical tensions and logistical disruptions but is adapting. This article explores key trends, rising imports, price shifts, and the outlook for the country's agricultural needs.
The Increasing Demand and Consumption of Fertilizers in Japan: A Growing Focus on Sustainability and Water-Soluble Fertilizers
Explore the growing demand for fertilizers in Japan as the country navigates challenges like limited arable land, food security, and sustainability. Learn how water-soluble fertilizers are shaping the future of precision agriculture, boosting productivity, and aligning with eco-friendly practices.
Navigating the European Fertiliser Market: How New Regulations Are Shaping the Future
Explore how new EU sustainability regulations, including the European Green Deal and Farm to Fork Strategy, are transforming the fertiliser industry. Learn about reduced chemical inputs, eco-friendly fertilisers, and the shift toward greener production and innovation.
Innovative Agriculture Solutions: How Greenhouses Are Boosting Food Security in MENA
Greenhouse farming is transforming agriculture in the MENA region, addressing climate challenges and boosting food security. Discover how controlled environments, water-soluble fertilizers, and sustainable practices are reshaping the region's reliance on imports and paving the way for a self-sufficient future.
The French Fertilizer Market in 2024: Trends, Challenges, and Opportunities
Explore the dynamic 2024 fertilizer market in France, where rising imports, pricing fluctuations, and regulatory shifts are shaping agricultural practices. Discover key products, market drivers, and expert insights on the future of nitrogen, phosphate, and potassium fertilizers.
The Rising Demand for Water-Soluble Fertilizers in India
Discover how water-soluble fertilizers (WSFs) are transforming Indian agriculture by improving water efficiency, boosting crop yields, and supporting sustainable farming practices. Learn about the growing demand, government support, and precision agriculture technologies driving this shift.
The Future of Sustainable Agriculture: How Ammonia is Transforming the Fertiliser and Energy Industries (September 2024)
Waypoint Opinion: The Future of Sustainable Agriculture: How Ammonia is Transforming the Fertiliser and Energy Industries (September 2024)
Navigating Volatility: Key Market Trends in the Global Fertiliser Industry (September 2024)
Waypoint Opinion: Key Market Trends in the Global Fertiliser Industry (September 2024)
Green Energy Investments: Opportunities and Challenges in the Fertiliser Industry
Waypoint Opinion: Green Energy Investments: Opportunities and Challenges in the Fertiliser Industry
Waypoint Market Update - July 2024
Waypoint insights from our suppliers on the latest market trends for raw materials and fertilisers in China
Unlocking the Power of Glycerine: A Comprehensive Guide to Its Uses in Various Industries
Dive into the comprehensive guide on glycerine, a versatile oleochemical pivotal in industries like personal care, food, pharmaceuticals, and more.
The Essential Guide to Understanding and Utilising Common Industrial Solvents
Explore the comprehensive guide to industrial solvents, covering their essential roles in manufacturing and processing across sectors like pharmaceuticals and electronics.
Ensuring Industrial Hygiene: The Role of Detergents and Cleaners
Discover the vital role of cleaning agents and detergents in maintaining hygiene and operational efficiency in industrial environments. From water-based to solvent-based cleaners, explore their applications across various industries and essential safety considerations for proper use.
Building a Safe Future: Best Practices for Water Treatment Chemicals Such as Calcium Chloride and PAC
Discover how water treatment chemicals like Calcium Chloride and PAC are crucial for ensuring water quality in construction projects. Explore their significance, benefits, risks, and safety measures to safeguard both construction operations and the environment.
Specialty Chemicals: The Role of DEIPA, Sodium Gluconate, and TIPA in Construction
Discover the pivotal role of specialty chemicals like DEIPA, Sodium Gluconate, and TIPA in revolutionising the construction industry. Explore their diverse applications, from enhancing concrete performance to fostering sustainability, and learn how these chemicals are shaping the future of building projects.
Fertiliser Fundamentals: Understanding the Role of Ammonia in Agriculture
Explore the pivotal role of ammonia in agriculture and fertiliser production. Discover how innovations like green ammonia are transforming the industry towards sustainability, ensuring efficient crop growth while mitigating environmental impact.
Maximizing Crop Health: The Significance of Micronutrients in Modern Agriculture
Explore the critical role of micronutrients like Boron and Zinc Sulphate in modern agriculture to enhance crop health and yields. Learn about the functions of essential micronutrients, their impact on plant growth, and strategies for overcoming limitations. Ideal for industry professionals seeking to implement sustainable agricultural practices through informed nutrient management.
.jpg)
From Soil to Harvest: How Phosphates Boost Crop Yields and Farm Productivity
Explore phosphates' role in enhancing plant health and development while addressing sustainable practices to mitigate environmental impacts. Ideal for modern agriculturists seeking to optimise productivity and environmental stewardship.
.jpg)
Cost-Effective Potash Solutions: Navigating MOP and SOP for Procurement Professionals
Understand the critical differences between Muriate of Potash (MOP) and Sulphate of Potash (SOP) in agriculture. Learn how each type influences crop yields, soil health, and economic outcomes. This guide delves into the suitability of MOP for chloride-tolerant crops and SOP's premium benefits for high-value, sensitive varieties. Ideal for procurement professionals, it covers strategic selection based on crop needs, soil conditions, and market dynamics, ensuring optimal crop nutrition and sustainable farming practices.
.jpg)
5 Vital Reasons Why Nitrogen is Essential for Optimum Plant Growth
Uncover insights into nitrogen's impact on plant development and soil health, crucial for the fertiliser industry. Learn about managing nitrogen effectively, addressing climate change challenges, and adopting innovative strategies for sustainable crop yields. Essential reading for professionals aiming to improve agricultural productivity and environmental sustainability.
The Future of Commodity Chemicals Trading: Waypoint's Innovative Procurement Platform
Discover how Waypoint Commodities is revolutionising commodity chemicals trading with its innovative online procurement platform. Designed to enhance procurement and sales processes, Waypoint offers a seamless, efficient platform for global buyers and sellers. Learn more about its user-friendly features, streamlined logistics, and commitment to transparency and security.
Secure Your
Supply Chain
Access the industry’s most powerful physical commodity trading and data platform.
.webp)