Global nitrogen fertilizer prices are high and difficult

Under the influence of factors such as tight supply and the continuous soaring production costs leading to the closure of production lines by marginal producers, global ammonia prices have reached an all-time high, which has also led to high global nitrogen fertilizer prices

The international nitrogen fertilizer industry chain remains strong

Ammonia prices began to strengthen

Fertecon, a subsidiary of S&P Global Integrated Agricultural Services, released its latest quarterly ammonia outlook report, saying that the global export ammonia supply capacity is about 26 million tons, but it has lost nearly 8 million tons of supply from Russia, Ukraine, Venezuela and Belarus, which can hardly meet the reduced global ammonia demand

The performance of fertilizer companies in the first half of the year also shows that the current ammonia and nitrogen fertilizer market environment is very strong

CF Industries, the world's largest producer of synthetic ammonia with a capacity of 9.

International giants began to cut ammonia production

Due to high natural gas costs and insufficient supply, international nitrogen fertilizer giants in Europe are cutting ammonia production

OCI's synthetic ammonia production capacity totals 3.

Yara International has 58% of its ammonia production capacity in Europe

Other European producers including Nordic Chemical, BASF, Spanish fertilizer group Fertiberia, Hungary's Nitrogenmuvek and Romanian fertilizer producer Azomures also reduced nitrogen production

Nitrogen fertilizer prices may continue to remain high

For the forecast of the future nitrogen fertilizer market, all nitrogen fertilizer producers believe that nitrogen fertilizer prices will remain high

CF Industries CEO Anthony Will said nitrogen fertilizer prices would have to rise

Ahmed Erhoshi expects a number of structural problems

Ken Seitz, interim president and CEO of Nutrien, also said that the company expects nitrogen fertilizer prices to rise

In terms of nitrogen fertilizer supply, despite high prices, high profit margins and tight supply, no producer has announced plans to build new ammonia production capacity