Bahrain"s chemicals market, particularly the ammonia sector, is showing significant movement in trade volume and pricing structures. As a key player in the Gulf Cooperation Council (GCC), Bahrain"s strategic location and industrial growth have positioned it as a pivotal hub for ammonia trade. Recent data indicates a steady increase in both the import and export volumes of ammonia, reflecting the rising demand in various industrial applications, including fertilizers and refrigeration systems. In the past quarter, ammonia prices in Bahrain have exhibited a slight upward trend, consistent with global market fluctuations driven by supply chain disruptions and varying natural gas prices, which are crucial for ammonia production. The average trade price of ammonia reached approximately $400 per metric ton, marking a 5% increase compared to the previous quarter. This price movement is indicative of increased production costs and a slight imbalance in supply and demand dynamics. Bahrain"s import volume of ammonia has seen a growth of around 7% over the last year, underscoring the country"s expanding industrial needs and the strategic import of ammonia to meet local demand. Conversely, the export volume has stabilized, reflecting Bahrain"s focus on satisfying domestic market requirements before exploring further export opportunities.

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