Episode 1433: Europe ACN, ammonia markets grapple with CBAM uncertainty and uneven fundamentals
FEB 17, 20267 MIN
Episode 1433: Europe ACN, ammonia markets grapple with CBAM uncertainty and uneven fundamentals
FEB 17, 20267 MIN
Description
<p>LONDON (ICIS)--European ammonia and acrylonitrile (ACN) players are facing supply and demand challenges while regulatory changes, including the recently enforced carbon border adjustment mechanism (CBAM), are further complicating the market picture. <br><br></p><p>In this podcast, European ACN editor Nicole Simpson speaks to global ammonia editor Sylvia Tranganida about the likely outlook for the markets. <br><br></p><p>· European ACN market operating at reduced rates as European industry in decline</p><p>· Russian ACN imports virtually gone following new EU sanctions in December </p><p>· China’s ACN overcapacity is growing but infrastructure for exports is lacking </p><p>· ACN demand set to remain soft, well served by existing contracts </p><p>· CBAM creating discontent in ammonia market </p><p>· Ammonia imports into Europe slowing after CBAM enforced</p><p>· Tight supply in global ammonia market </p><p>· Natural gas supply a concern for ammonia players </p><p>· Ammonia demand set to pick up in spring for seasonal reasons<br><br></p>