Profitability of ‘KazAzot’ from ammonium nitrate, %
Jan
16
Apr
Jul
Oct
Jan
17
Apr
Jul
Oct
Jan
18
Apr
Jul
Oct
Jan
19
Apr
Jul
Oct
Jan
20
Apr
Jul
Oct
Jan
21
Apr
Jul
Oct
Jan
22
0
10
20
30
40
50
60
Subsidies included
Subsidies excluded