Nitrogen+Syngas 394 Mar-Apr 2025
19 March 2025
Nitrogen project listing 2025
PROJECT LISTING
Nitrogen project listing 2025
Nitrogen+Syngas’s annual listing of new ammonia, urea, nitric acid and ammonium nitrate plants.
Latest in Agricultural
Yuntianhua gives go ahead for giant phosphate mine
The board of Yunnan Yuntianhua gave the go ahead for the development of a massive underground phosphate mine in Yunnan province on 14th May. The major Chinese producer part owns the mine project through a 35% stake in its developer Julin New Materials. The other three owners are Yuntianhua Group (55%), Zhaotong Development Group (9%) and Zhenxiong Chanyi Investment (1%).
Long distance ammonia transportation
Rail, road, ship or pipelines all bring different benefits and risks to long distance transport of ammonia, but the fundamentals of ammonia safety remain a constant.
The market for ammonium nitrate
The Ukraine war and associated tariffs and the EU’s carbon pricing system are keeping ammonium nitrate prices high.
Price Trends
Ammonia values have continued to ease across most regions at the end of June, as the first ammonia vessels begin to exit the Gulf since the Iranian conflict began. Iranian ammonia had also begun to flow to India following the US Treasury’s issuance of a 60-day sanctions waiver on 22 June, allowing dollar-denominated trade in Iranian petrochemical products through 21 August. As a result, Indian bids have been heard as low as $750/t c.fr, as buyers benefit from a widening pool of available supply - Iranian, Chinese and renewed Southeast Asian material are all competing for the same business.
Market Outlook
• Ammonia prices are expected to maintain their current downward trajectory, with the pace of correction likely to accelerate as the supply picture improves. Confirmed trades at materially lower levels remain limited, but the direction of sentiment is clearly softer.