Ammonia
Market moving insight on clean and conventional ammonia – delivering robust price assessments, actionable commentary, powerful data, vital analysis and outlooks
Overview
The ammonia market is undergoing a period of rapid and dramatic change. Conventional or ‘grey’ ammonia is traditionally produced almost exclusively for its nitrogen content. However, the urgent need to decarbonise the global economy and meet ambitious zero-carbon goals has opened up exciting new opportunities.
Ammonia has the potential to be the most cost-effective and practical ‘zero-carbon’ energy carrier in the form of hydrogen to the energy and fuels sectors. This has led to rapid growth of interest in clean ammonia and a flurry of new ‘green’ and ‘blue’ ammonia projects.
Argus has many decades of experience covering the ammonia market. We incorporate our multi-commodity market expertise in energy, marine fuels, the transition to net zero and hydrogen to provide existing market participants and new entrants with the full market narrative.
Our industry-leading price assessments, powerful data, vital analysis and robust outlooks will support you through:
- Ammonia price assessments (daily and weekly), some of which are basis for Argus ammonia futures contracts, Ammonia forward curve data and clean ammonia cost assessments and modelled weekly prices
- Short and medium to long-term forecasting, modelling and analysis of conventional and clean ammonia prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest ammonia news
Browse the latest market moving news on the global ammonia industry.
Ammonia vessels reroute from Mideast Gulf
Ammonia vessels reroute from Mideast Gulf
London, 5 March (Argus) — Ammonia carriers are starting to reroute away from the Mideast Gulf as the ongoing US-Israel war with Iran prevents vessels from transiting the strait of Hormuz, choking off more than one fifth of the world's ammonia supply. The Nova Breeze (25,500t) under operation by Japanese trader Mitsui has rerouted from its previous destination of Mesaieed, Qatar, after state-owned QatarEnergy halted production of ammonia and other products on 3 March. The shutdown came after a done strike on operating facilities in Ras Laffan and Mesaieed Industrial City. The vessel will now load next at Bontang in late March and is expected to deliver the cargo to Tampa in the US Gulf for Mosaic. OCP's Navigator Jorf (25,500t) had been due to load at Ras Al Khair in mid-March from Saudi Arabian producer Maaden. The vessel was heading towards the Cape of Good Hope but has turned around in the south Atlantic Ocean, vessel-tracking data show. Its next destination is not yet known. Trading firm Trafigura was expected to load its Astor (26,870t) at Jubail, Saudi Arabia, in March and is likely to now be exploring other options. The vessel is currently by Kandla, India. Maaden and fellow producers Sabic and OQ are all still producing in the Middle East, although Oman's state-owned OQ has had to reduce run rates for safety reasons. Limited port operations at Salalah have resumed . Salalah may be the only Mideast Gulf port able to export any ammonia while the war continues. But whether individual vessels will be able to load at Salalah will likely depend on owners' risk appetite and war risk premiums. Laden vessels Eco Oracle (26,870t) and Green One (25,800t) remain trapped inside the Mideast Gulf without any way to transit past the strait of Hormuz. Maaden's Searambler (25,500t) was due to load at Ras Al Khair in early March for shipment to Iffco at Kandla. The buyer is seeking alternative supply arrangements while the vessel remains idle in the Mideast Gulf. Efforts by US president Donald Trump to guarantee safe passage and political risk insurance for vessels have not been sufficient to reassure vessel insurers and operators, meaning that more than 4 mn t/yr from producers in Saudi Arabia, Qatar, Bahrain, UAE and Iran is currently cut off from global markets. By Lizzy Lancaster Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
ME ammonia futures rise to $590/t fob for April
ME ammonia futures rise to $590/t fob for April
London, 3 March (Argus) — Ammonia future prices have increased in the wake of the US-Israel conflict with Iran. The SGX Argus ammonia fob Middle East futures contract (AMMF) traded at $590/t fob for a 1,000t clip today. AMMF last traded at $446.50/t fob Middle East for a December-April strip. European ammonia futures surged on 2 March in anticipation of a potential disruption to global supply as a result of the escalating Middle East conflict. A 1,000t April clip traded at $725/t cfr duty free/paid on the Ice Ammonia Outright — Argus Ammonia northwest Europe contract, a $130/t increase from where the April contract last traded on 17 February. By Ruth Sharpe Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Prompt ammonia prices jump at inland US locations
Prompt ammonia prices jump at inland US locations
Houston, 2 March (Argus) — Spot ammonia offers in the Corn Belt rose sharply on Monday, supported by applications across the region and as nitrogen markets digest impacts from the conflict in the Mideast Gulf . Fertilizer producer CF Industries raised spot offers at multiple inland locations, according to customers. CF increased offers from its Woodward, Oklahoma, facility to $760/st fot, as applications raise demand for prompt delivery. Offers in Illinois and Indiana climbed to $850/st fot, while offers from its Garner, Iowa, location were heard at $850/st fot. The producer initially pulled offers on Monday in the mid-$700s/st fot. The market was expecting higher offers in the region as pre-plant applications spread and raised demand for prompt shipment. Although the increases are not directly related to the ongoing conflict, firming nitrogen markets and tight supplies in the southern Plains could contribute to an already tight supply environment ahead of the application season, especially with CF's continued outage at its Yazoo City, Mississippi, facility . The market anticipates more suppliers to raise offers as growers in the Corn Belt move closer to the direct ammonia applications. By Chris Mullins Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
S Korea to spend $130mn on clean shipping tech projects
S Korea to spend $130mn on clean shipping tech projects
London, 24 February (Argus) — South Korea's trade, industry and energy ministry will invest 187.3bn won ($130mn) this year in clean shipbuilding technologies, including hydrogen- and ammonia-fuelled vessels. The funding is part of a wider plan to spend W320bn on shipbuilding innovation in 2026. More than half of this year's budget will go towards developing ammonia- and hydrogen-fuelled engines, onboard carbon-capture systems and electric-propulsion equipment for medium- to large-sized vessels. Key projects include developing ammonia-fired gas turbines and the fuel-supply systems needed for large commercial ships. The government will also support work on hydrogen–diesel dual-fuel engines and hybrid systems that combine electric propulsion with fuel cells. Seoul will fund several types of onboard carbon-capture technology, including wet scrubbing, cryogenic separation and adsorption systems. Additional clean shipping investment will target electric propulsion for offshore wind support vessels and autonomous tugboats. The plan also aims to expand the use of artificial intelligence in shipyards and shipping. This includes automated block handling, welding and logistics using unmanned mobile robots. Data from 30 vessels will be collected to train autonomous navigation models, and funding will support remotely operated and autonomous tugboats. The ministry said the investment follows a strong year for Korean shipbuilders, whose exports reached $31.8bn in 2025, their highest level in eight years, driven largely by demand for high-value LNG carriers. By Chingis Idrissov South Korea's 2025 & 2026 funding for shipbuilding technologies Category 2025 amount (W bn) 2026 amount (W bn) Growth (pc) Clean shipping technologies 171.6 187.3 9.1 AI & digital shipyards 66.7 94.9 42.3 Autonomous navigation vessels 20.3 37.8 86.2 Total 259 320 23.7 South Korea's ministry of trade, industry and energy Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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