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.

In this podcast, European ACN editor Nicole Simpson speaks to global ammonia editor Sylvia Tranganida about the likely outlook for the markets.

· European ACN market operating at reduced rates as European industry in decline

· Russian ACN imports virtually gone following new EU sanctions in December

· China’s ACN overcapacity is growing but infrastructure for exports is lacking

· ACN demand set to remain soft, well served by existing contracts

· CBAM creating discontent in ammonia market

· Ammonia imports into Europe slowing after CBAM enforced

· Tight supply in global ammonia market

· Natural gas supply a concern for ammonia players

· Ammonia demand set to pick up in spring for seasonal reasons

Episode 1433: Europe ACN, ammonia markets grapple with CBAM uncertainty and uneven fundamentals