Surprise Asian Supply Surge Pushes Global Ammonia Price to a 12-Month Low

Sluggish downstream agricultural demand and an unprecedented wave of Chinese exports counter regional supply losses, dragging benchmark prices down. Average spot prices for global ammonia, an essential building block used in agricultural fertilizers, household cleaning agents, synthetic fabrics, and industrial refrigerants, have been on the decline since May despite the ongoing absence of the majority […] The post Surprise Asian Supply Surge Pushes Global Ammonia Price to a 12-Month Low appeared first on Dow Jones .