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    Nitrogen+Syngas 396 Jul-Aug 2025

    21 July 2025

    Drone attack on Nevinnomyssk Azot

    Russian and Ukrainian news outlets have reported that there has been a drone attack on the Nevinnomyssk Azot chemical plant in Russia’s Stavropol district. The attack took place on the night of June 14th. Ukraine’s Centre for Counteracting Disinformation said that the fertilizer plant “is a critical element of the Russian military-industrial complex. It produces up to a million tonnes of ammonia and more than a million tonnes of ammonium nitrate annually – a key component for explosives and artillery shells.”

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    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.