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Article: Bumpy ride for a market still in transition.(ammonia market)
- Article from:
- Nitrogen & Methanol
- Article date:
- March 1, 1998
CopyrightCOPYRIGHT 1998 BCInsight LTD. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The world ammonia market, always sensitive to changes in conditions, has crashed from a high of around $220/t f.o.b. Yuzhnyy at the end of 1996 to less than $90/t in recent months. Nitrogen & Methanol examines the fundamentals of the ammonia market at a time of considerable change in the traditional patterns of trade.
One of the things most notable about the global ammonia trade is that it generally bears little relation to the urea trade, in spite of the close connection between them chemically. China, for example, until last year the world's biggest importer of urea, imports virtually no ammonia whatsoever. Ammonia trade represents around 10% of all ammonia ...
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