High natural gas prices, European fertilizer giants have cut production and halted production 　　

In the chain reaction triggered by the European natural gas crisis, fertilizer giants such as CF Industry, Yara, Borealis, and OCI of the Netherlands have announced production cuts.

US nitrogen fertilizer giant CF Industry took the lead in issuing a statement on September 15 that due to high natural gas prices, the company will cease operations at its Billingham and Ince plants in the United Kingdom

It is reported that the Billingham Plant of CF Industry is a production complex that produces ammonium nitrate fertilizer.

Yara International Group, the largest fertilizer producer in Europe, said on September 17 that record-setting natural gas prices in Europe are affecting the profitability of ammonia production.

In an interview with the media, a Yara spokesperson stated that Yara’s ammonia fertilizer production capacity in Europe is about 4.

The Dutch fertilizer giant OCI said last week that high production costs caused it to partially close the ammonia production unit at the Geleen plant

Due to soaring natural gas prices, another European fertilizer producer is cutting production, which has exacerbated the already tight supply across the European continent

Borealis, headquartered in Austria, said on the 23rd that it is reducing its ammonia production in Europe and will "further analyze the situation of its plants in Austria, France and the Netherlands

　　IHS Markit predicts that Europe’s current closure of synthetic ammonia production capacity totals 4.

　　This year, the price of synthetic ammonia in Northwestern Europe has risen sharply, from about US$300/ton in January to US$660-700/ton in September

　　IHS Markit said that the closure of synthetic ammonia production capacity in Europe will affect synthetic ammonia prices.

　　The British business analysis and consulting company CRU Group believes that from the current natural gas prices and futures prices, the profits of nitrogen fertilizer plants in Western and Eastern Europe and Ukraine are currently negative for ammonia production