Asia
The Asian Calcium Ammonium Nitrate market displayed mixed sentiment during the second half of 2024. The region faced significant logistical hurdles, particularly in China, where extended port congestion led to substantial inventory accumulation. Ships faced lengthy waiting times at major ports like Shanghai and Qingdao, creating supply chain bottlenecks.
Weather-related disruptions, including a severe typhoon in China's Hainan province, further complicated the situation by affecting transportation networks and production facilities. However, the market saw some recovery during the winter planting season as agricultural demand picked up.
Europe
The European market experienced considerable price appreciation during H2 2024, driven primarily by raw material shortages. The situation was particularly acute following disruptions at Russia's Sudzha gas transit station, which severely impacted natural gas supplies across the region. This upstream constraint led to reduced ammonia availability, causing a ripple effect on Calcium Ammonium Nitrate production. Despite these challenges, demand remained steady, though mostly concentrated among smaller buyers who maintained a cautious purchasing approach given the market uncertainty.
North America
North American prices showed volatility throughout the latter half of 2024, with a predominantly bearish trend. The region struggled with severe weather conditions, including hurricanes and heavy rainfall, which disrupted normal agricultural activities and dampened fertilizer demand. While supply disruptions caused by these weather events temporarily supported prices, the overall weak demand kept price levels subdued. The market did experience a brief recovery period during August, but this was primarily supply-driven rather than demand-led.
Analyst Insight
According to Procurement Resource, while seasonal demand patterns were expected to provide some price support, lingering supply chain issues and weather-related uncertainties could continue to impact market stability. The industry's recovery would largely depend on the normalization of logistics networks and improvement in raw material availability.
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Asia
In the Asian markets, the price trend for calcium ammonium nitrate was largely optimistic throughout the first half of 2024. In China, the recovery from the COVID-19 economic downturn progressed slowly, but efforts to boost manufacturing led to an increase in downstream demand. Sectors like tires, automotive, and industrial manufacturing, including belts and other components, demonstrated robust demand, prompting suppliers to raise prices. Similarly, in India, Calcium Ammonium Nitrate witnessed favorable price performance due to increased raw material costs and steady demand from the manufacturing sector.
In the second quarter, the Asian market experienced a sharp surge in PBR prices. Despite a slowdown in electric vehicle production due to delays in government subsidies, strong downstream demand from the automotive sector and higher sales of high-value-added products such as larger tires helped maintain a positive market trend. Market participants also actively accumulated inventories to meet current demand, further supporting the upward trajectory in prices. This bullish trend is expected to persist due to sustained demand and proactive inventory management by suppliers.
Europe
In Europe, the calcium ammonium nitrate market has continued to experience a downward price trend, largely driven by the high cost of inputs such as electricity and feedstock. European producers have faced significant challenges from elevated carbon costs and stringent envCalcium Ammonium Nitratemental regulations, which have increased production expenses. Additionally, the ongoing gas embargo by Russia has resulted in higher LNG prices, further escalating the cost of manufacturing calcium ammonium nitrate.
This cost pressure, coupled with reduced demand due to unfavorable economic conditions, has led to a continued decline in calcium ammonium nitrate prices. However, the drop in prices has been relatively slow, as supply constraints and high production costs have prevented a sharper decrease. The European market is also being influenced by increased competition from alternative sources, such as imports from Asia and Latin America, which offer more competitively priced products.
North America
In North America, the price trend for calcium ammonium nitrate has shown signs of stabilization in the latter half of 2024. The announcement of new production projects, such as the Yara and ATOME partnership to produce calcium ammonium nitrate in Paraguay, has created a more optimistic outlook for the region. This project is expected to boost domestic supply, reduce dependence on European imports, and potentially lower costs in the long term.
While North America continues to import a significant volume of calcium ammonium nitrate from Norway, the increasing focus on local production and the geopolitical push for supply chain independence are anticipated to moderate price fluctuations. The potential for stronger domestic supply and a shift away from reliance on European and Russian imports has created a more bullish sentiment in the market, although overall prices have not yet seen a significant decrease due to persistent supply chain issues and input costs.
Calcium Ammonium Nitrate or CAN is a commonly used granular inorganic fertilizer. It is hygroscopic, and its dissolution in water is highly endothermic. Calcium Ammonium Nitrate (CAN) can be applied universally and is suitable for all crops, seasons, soils, and locations. The main components, nitrate and ammonium, are present in an ideal ratio facilitating healthy plant growth in agriculture and horticulture.
CaH4N4O9
Fertilizers, Oil and Gas Industry (for re-greening of oil wells), Cooling Packs, Chemical Intermediates
CAN, Nitro-limestone, Nitrochalk
Eurochem Agro, Bunn Fertilizer, Seidler Chemical Co, Blue Line Corp, Calamco, Del Amo Chemical Co
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Ammonium Nitrate is produced by reacting calcium nitrate solution with ammonia and carbon dioxide in the reactor. Then 75% molten solution of ammonium nitrate is treated with 25% of calcium carbonate to get the desired calcium ammonium nitrate.
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