Insights / Market
Market

Synthetic ammonia prices rise 7.37% in China on supply reductions

Synthetic ammonia market prices in China rose 7.37% week-on-week to 2,623 yuan per ton as North China supply contracted and Shanxi coking enterprises maintained production restrictions.

Synthetic ammonia prices rise 7.37% in China on supply reductions

Synthetic ammonia prices rose 7.37% week-on-week to 2,623 yuan per ton as of Oct. 10, up 18.74% year-on-year, according to Baichuan Yingfu. Supply in North China contracted, Shanxi coking enterprises maintained production restrictions, Henan supply was relatively stable and Yanhua had large external sales volumes. Weekly synthetic ammonia output was 263,800 tons, up 10.28% week-on-week. Demand from fertilizer and other downstream sectors continued to provide support.

Source: BOC International / China Energy News

Share

← Back to news