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Argus analysis says ammonia markets are volatile in 2018, with tight 2Q18 supply from strong eastern demand, maintenance and high gas prices. New capacity from Freeport in the US, PAU in Indonesia and Eurochem Kingisepp in Russia is expected to pressure prices once running at full rates.
Expected new ammonia supply points to lower nitrogen input costs ahead, which would ease fertilizer expenses for grain producers over the coming year.
worldfertilizer.comRobyn WainwrightOct 10, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
