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Market Pulse briefing

News from the latest published weekly analyses. Browse earlier pages to explore the archive.

· Asia

Songyuan starts phase-two hydrogen and ammonia construction

Construction of Songyuan’s second phase began on 20 October. The CNY 10.83 billion expansion targets combined ammonia capacity of 600,000 tonnes annually; it is not a new production start.

Week ending: Oct 23, 2026

· Asia

China prepares measures against hydrogen overcapacity

China announced preparation of measures to avoid hydrogen overcapacity as investment grows. The plan is being developed; this is not an adopted regulation or a confirmed project cancellation.

Week ending: Oct 23, 2026

· Asia

AM Green Ammonia (India) Private Limited

ADB and Japan announced financing for AM Green’s renewable ammonia project in Kakinada, including a $100 million JICA-financed loan. This supports the planned 1.1-million-tonne annual capacity; it does not confirm that production has begun.

Week ending: Oct 16, 2026

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