Ammonia Prices, Price Trend and Forecast

Chemanalyst26 Jul, 2023Business

The prices of Ammonia showed a downward trajectory throughout Q2. The prices declined by 17.9% in April 2023, 12.9% in May 2023, and 12.8% in June 2023. The key driving factor behind the declining trend of Ammonia in the USA was diminished demand from domestic and international markets. The Ammonia market was mostly oversupplied, coupled with low procurement orders from the end-user market, paving the way for narrowed demand-supply gap.