Akon's output hits a record high

The Russian company Akon recently stated that as of the end of September, the company's production of ammonium nitrate, urea and urea ammonium nitrate solution in the first three quarters all hit record highs.
The increase in the output of its Russian plant offset the loss caused by the decline in sales of its Hongri Akon company in China.
Akang's new synthetic ammonia equipment has successfully reached production capacity, and has produced 176,000 tons of synthetic ammonia since its operation in July.
From January to September, the company's synthetic ammonia output has reached 1.
568 million tons, an increase of 27% over the same period in 2015.
In the first nine months, Akang used the remaining synthetic ammonia to optimize nitrogen fertilizer production, resulting in a year-on-year increase of 24.
3% in nitrogen fertilizer production to 2.
708 million tons.
From January to September, the output of ammonium nitrate was 1.
29 million tons, a slight increase from 1.
109 million tons in the same period last year.
The output of urea increased by 30.
2% to 581,000 tons, and the output of urea ammonium nitrate solution increased by 34.
3% to 836,000 tons.
In the first nine months, Akang produced a total of 1.
406 million tons of ternary compound fertilizer, a decrease of 4.
5% from the same period last year.
As its terminal equipment has reached its maximum production capacity and new production lines are gradually being put into operation, the company expects that its total fertilizer output will increase year by year in the future.
Akkon disclosed that the average FOB price of its synthetic ammonia in the Baltic Sea and the Black Sea in the third quarter was US$210 (in tons, the same below), a decrease of 23.
4% compared with the second quarter and a decrease of 46.
2 compared with the third quarter of 2015.
%.
The average FOB price of ternary compound fertilizer from 16-16-16 in the third quarter was US$277, which dropped by 10.
0% and 22.
8% respectively in the second quarter of this year and the third quarter of last year.
Nitrogen fertilizer prices also fell across the board.
Among them, the average FOB price of ammonium nitrate in the Baltic Sea and the Black Sea in the third quarter was US$147, a decrease of 4.
7% from the second quarter and a decrease of 24.
2% from the third quarter of 2015.
Urea prices hit the bottom in the third quarter, down 7.
8% from the second quarter, and down 31.
7% from the $181 in the third quarter of 2015.
The average FOB price of urea ammonium nitrate solution in the third quarter was US$127, a decrease of 11.
3% and 30.
9% from the second quarter of 2016 and the third quarter of 2015, respectively.