Views: 8 Author: Site Editor Publish Time: 2021-12-08 Origin: Site
Weakness or stagnation in markets outside of India and South Korea, where supply is limited, will not cause manufacturers to worry in the short term, as this demand will continue until January.
However, the international market is still divided: the main markets of the United States and Brazil still lag behind India in price by at least 100 US dollars/ton-Nola prices have dropped by about 35 US dollars/ton this week, and Brazil’s prices have stagnated at 880 US dollars/ton CFR. .
Market driven
European natural gas prices
The recovery of natural gas prices in European hubs has prevented some producers from returning to normal operating rates.
Indian demand
Since India still has a large amount of demand to be met, manufacturers hardly need to consider adjusting prices to match the cheaper market than India.
Russian export quota
Due to the new quota, global ammonium nitrate supply will be tightened, but in the short term, it will be difficult for Russian producers to obtain nitrogen fertilizer export licenses in December.
30-60 day outlook
India will attract most of the spare tonnage for shipment in January-in addition, as spring approaches, there is still a lot of demand in the northern hemisphere. However, even among manufacturers, further price increases are not optimistic.
