CF Industries expects fall ammonia volumes among highest in 10 years
CF•CF Industries expects fall ammonia volumes to be among the highest in 10 years and sees a constructive global nitrogen supply-demand balance into 2027. It expects positive nitrogen pricing through at least the first half of 2027.
1. Nitrogen outlook
CF Industries expects fall ammonia volumes to be among the highest in 10 years. The company expects the global nitrogen supply-demand balance to remain constructive into 2027 and sees a positive nitrogen pricing trajectory through at least the first half of 2027, with robust demand for UAN and urea.
2. Supply and demand
CF Industries said Middle East nitrogen supply would take time to flow again even if there is some sort of resumption. It said ammonia demand from phosphate producers could improve in 2027, with more upside in 2028.
