Free Nitrogen Prices Trend and Forecast New York
- Location: New York, New York, Delhi
In the first quarter of 2023, the market sentiments of Nitrogen fluctuated in the North American region on account of demand strength and production cost. Nitrogen prices in the US market fell due to dropping upstream (natural gas) prices and weak demand for the product. The stock of inventories was adequate to meet domestic demand. Despite the low cost of domestic Nitrogen production, the overall market is declining. Domestic Nitrogen output in the US market remained limited since there was little upstream demand for the product in the fertilizer market. Average industrial outputs were produced, while production costs varied with natural gas prices.
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