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Buyers face higher rates, less domestic supplies.(Rates of Ammonia and Natural Gases)
Purchasing
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March 2, 2006|
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COPYRIGHT 2006 Reed Business Information, Inc. (US). 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.
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Gordon Graff
Ammonia prices reached dizzying heights in the past year, driven by increases for natural gas, its main feedstock. Ammonia reserves in North America are adequate, but production of the chemical in the region is on the wane as users increasingly source it offshore, where lower natural gas price tags make ammonia cheaper. Markets for ammonia are relatively healthy, largely because of its use in the agricultural sector, where nitrogen fertilizers--the most important downstream products of ammonia --are essential.
According to The Fertilizer ...
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