Ammonia is quickly moving back into focus—not just as a fertiliser feedstock, but as a key link between energy, shipping, and the transition to lower-carbon fuels.

But while the long-term story is about green ammonia, the short-term reality is being shaped by geopolitics, gas markets, and logistics disruptions.

So what’s actually driving prices today? How is the Middle East situation feeding through to physical and derivative markets? And are we starting to see ammonia evolve into a tradable market in its own right?

To unpack all of this, we are joined by Dan Hayes, Business Development Manager for Coal and Ammonia at Argus Media.