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    Nitrogen+Syngas 364 Mar-Apr 2020

    31 March 2020

    Nitrogen Project Listing 2020

    Nitrogen+Syngas’s annual listing of new ammonia, urea, nitric acid and ammonium nitrate plants shows that the key areas for new project developments are Egypt, India, Nigeria and Russia. The timing of new Iranian capacity remains subject to external sanctions, while other significant projects are under way in China, Brunei and Uzbekistan, and the new ammonia plant for Ma’aden in Ras Al Khair to produce diammonium phosphate. Currently however the number of new projects scheduled for beyond 2021 is relatively small, although a number of the current batch of projects are likely to slip.

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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.