Global Ammonium Nitrate market continues to remain under pressure during April xxxx, with the prices increasing in the Asian and North American market however, declining in the European market. This market volatility is attributed to a variety of factors including fluctuating feedstock Ammonia and Nitric Acid prices. Further, fluctuating demand patterns, persistent trade disruption and economic uncertainties continue to impact the Ammonium Nitrate market.
In the European market the price of Ammonium Nitrate experienced a significant drop with the FOB price of Ammonium Nitrate at Novorossiysk port hovering at USD xxx/MT. The easing price of essential feedstock Ammonia during the same time frame along with surplus availability attributed to the delayed reactivation of the Togliatti-Odesa ammonia pipeline promoted towards reduced production cost thus exerting downward pressure on Ammonia pricing. On the demand front, purchasing activities have continued to remain relatively low amidst passed...
