Ammonia CFR NW Europe plus carbon (2034)
This calculation represents the future impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on European ammonia prices and combines Quantum’s daily ammonia CFR Northwest Europe price and the price of carbon allowances under the EU’s Emissions Trading System (ETS). The prices reflect the phase out of free allowances for European ammonia producers and importers under CBAM which starts in 2026 and will be fully implemented by 2034 and allows the ammonia market to evaluate the future impact of European carbon pricing on their business.
The calculation assumes a carbon emission benchmark of 1.57 mt CO2 per tonne of ammonia for which free allowances will be granted, with that benchmark reducing annually. This specific calculation is for 2034 when free EU ETS allowances will be reduced by 100%.
Currency and unit of measure: $/mt
Quantity: 4,000 mt minimum
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: Anhydrous ammonia with 82% nitrogen content
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