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Calcium Ammonium Nitrate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Calcium Ammonium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Calcium Ammonium Nitrate Price Trend for the First Half of 2023
Calcium Ammonium Nitrate observed mixed price trend in the first half of the year 2023. Prices were majorly influenced by the feedstock (Limestone and Ammonium Nitrate) costs and the demands from downstream fertilizer and chemical industries. In the Asian market, Calcium Ammonium Nitrate prices had a strong start in January 2023 as the industries started reopening in China after the Covid-19 lockdown was lifted.
Fresh demands gave the Calcium Ammonium Nitrate market some respite, so the prices remained on an inclining trajectory for most of the first quarter. But as the inventories started filling up with excess supplies and the demands didn’t pick up in the same manner, the prices again turned south and continued to decline for the rest of the said time period.
In the European region, the price trend for Calcium Ammonium Nitrate struggled throughout the first half of 2023. Given the high inflation, the upstream and production costs rose to unsustainable levels, and even when the prices started normalizing, the downstream markets could not improve. Cheap Asian imports also flooded the market amidst feeble demands. So, the market almost witnessed demand destruction. Overall, the Calcium Ammonium Nitrate prices remained tottering on the lower curve for most of the discussed time period.
The North American Calcium Ammonium Nitrate market almost replicated the European Calcium Ammonium Nitrate market for H1 2023. Market sentiments were driven by dull demands as the upstream availability was ample because of high inventory levels and the availability of cheap imports. Still, the market exchanges remained very limited, catering to bearish market sentiments.
According to Procurement Resource, the Calcium Ammonium Nitrate market is expected to continue similar trend in the upcoming months. The high stockpiles will be required to be cleared first in order to give a new direction to the Calcium Ammonium Nitrate market, and this will require discounted product access.
Calcium Ammonium Nitrate Price Trend for the Second Half of 2022
The Asian Calcium Ammonium Nitrate market started H2 2022, with a downhill trend, after a robust high in H1’22. The reasons were lowered market demands and a fall in feedstock Ammonium Nitrate and limestone prices. As the raw material was available at lower costs the upstream production costs for Calcium Ammonium Nitrate got cut, and the feeble consumer demand didn’t support a price rise either. However, the price pattern became uncertain in later H2 2022 as CAN prices started wavering with various factors, mainly production costs, supply, and demand.
Europe is still reeling under high-rising inflation and supply curtailment because of the ongoing Russia – Ukraine conflict. The CAN prices soared in initial H2 2022 owing to supply disruptions. However, as China eased its lockdown restrictions cheap imports were available in the European market. The supply chains got functional again and the price trend for Calcium Ammonium Nitrate started normalizing again as the production costs started coming under control.
In the North American market, the price trend for Calcium Ammonium Nitrate maintained an almost stagnant steady run. The supply constraints and feedstock constraints existed, but the demands from other international markets maintained the momentum. But as global situation especially in the Asian and European region eased, international demand subsided pushing the pushing the Calcium Ammonium Nitrate prices in later H2 2022.
According to the Procurement Resource, the price trend for Calcium Ammonium Nitrate are likely to register a mixed pattern in the coming months. Even if the Russian exports got access to several markets in the European region no simultaneous effect on the price will be seen Europe does not have good purchasing prospects given the current economic backlash.
Calcium Ammonium Nitrate Price Trend For the First Half of 2022
The fertilizer prices exploded globally owing to the Russian invasion of Ukraine. With Russia and Belarus being the significant exporters of fertilizers, retaliatory sanctions against them surged the fertilizers prices worldwide. The prices of feedstock ammonium nitrate surged in the Chinese domestic market, averaging 850 USD/MT FOB Qingdao during the first quarter. However, the prices started strong during the second quarter but declined towards the end of June 2022.
This decline was due to the weak market sentiment owing to the cautious buying activities of buyers amid the growing speculation of a global recession. The prices of feedstock ammonium nitrate averaged 790 USD/MT in the second quarter. The price trend of calcium ammonium nitrate (CAN ) were in line with the oscillating price trend of its feedstock.
The prices of feedstock ammonium nitrate and calcium nitrate surged throughout the European market during the first half of the said year. With the soaring crude oil and natural gas prices, Yara ( one of the major fertilizer producers) temporarily cut nitrogen production in its plants in Italy and France, with both the plants churning out fertilizers at 45% capacity.
Also, Tukey, which majorly exports CAN to the UK, suspended its exports, thereby causing massive volatility in the market. The sanctions against exports from Russia and Ukraine worsened the already tight supplies. Hence, the prices of feedstock ammonium nitrate soared, averaging 964-972 USD/MT.
In line with its European counterpart, CAN prices surged in the US domestic market during the first half of the said year. The inflated feedstock prices amid the heightened transportation cost and robust demand from the agricultural sector kept the CAN prices afloat in the market.
Procurement Resource provides latest prices of Calcium Ammonium Nitrate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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.
|Calcium Ammonium Nitrate
|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
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-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.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103