03/25/2025
Anhydrous Ammonia - What Next? By Terry Kearney
After a very volatile 2023 market, where prices peaked at $740/mt and plummeted to $200/mt, 2024 was much more stable. Market fundamentals solidified through the year despite supply interruptions due to the war in the Ukraine and missile attacks in the Red Sea. Product prices trended up through the year. Export volumes dropped slightly compared to 2023 but that was attributed to increased cargo ton miles due to modified trade lanes, particularly the transit around Africa.
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