Get the latest insights on price movement and trend analysis of Alum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Alum Price Trend for the H2 of 2022
Owing to the falling prices of feedstock potassium sulfate and aluminium sulfate the price trends for alum remained weak throughout the said period. In China, due to the poor demand and reduced offtakes, the price of potassium sulfate averaged 5100 RMB/MT ( approx.) in August’22.
With government-mandated power rationing guidelines to combat heatwaves, industrial production fell. In September’22 the price of potassium sulfate averaged 4600 RMB/MT (approx.). The same trend continued in the fourth quarter, however towards the end, the enquiries increased. Moreover, the market was mainly wait-and-see.
India, one of the world’s biggest potash importers, is facing demand destruction due to high prices and the loss of critical supplies from Belarus and Russia. The situation between Russia and Ukraine is far from over, hence it will continue to impact the global fertilizer market. In India, the potash consumption fell by 50% in five months through August from a year earlier while the NPK consumption fell 20% over the same period.
Analyst Insight: The global fertilizer supply continues to show a rebound from the turmoil seen in the markets last year. The price trends for alum are likely to increase in the coming months as the market offtakes and enquiries are rising.
For the First Half of 2022
The primary feedstock required for the commercial production of Alum is aluminium sulfate and potassium sulfate. The prices of potassium sulfate remained strong in the Chinese domestic market despite the trade restrictions and surging prices. The feedstock potassium sulfate prices averaged around 4333.33-5050 RMB/MT in the Chinese market during the year's first half.
These higher prices were due to the heated potash fertilizer market. With the tight supply and the rising demand from buyers owing to the winter storage, the prices remained heightened throughout. These inflated prices affected the price trends of Alum, tipping the scales to the higher side.
Since Russia and Belarus are the key players in the fertilizer market, retaliatory sanctions against them opposing trade negatively impacted the European markets. With the farming season in full swing, the demand for potash hit an all-time high, and hence the prices of potassium sulfate increased. The European price trends were in line with their Asian counterpart.
The price trends for Alum followed the same pattern as the global outlook. The continuing Russian-Ukrainian confrontations led to increased crude oil and natural gas prices with a looming threat of stagnation. However, the strong demand from the farming sector has kept the prices of feedstock potash afloat.
Procurement Resource provides latest prices of Alum. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Alum is the hydrated double sulfate salt of aluminium which consists of one X cation. This cation can be substituted by many elements depending on which the properties of Alum changes. The most common Alum is the aluminium potassium sulfate, where the X cation is replaced with a Potassium ion. It has been widely used as a flocculation agent since ancient times. It is used widely in several industries like textiles, paper processing, leather, etc.
|Industrial Uses||Electroplating, Pulp and Paper Processing, Disinfectants or Biocides, Sewer and Wastewater Treatment, Leather Tanning and Processing, Textiles|
|Chemical Formula||KAl(SO4)2 or AlKO8S2|
|Synonyms||Aluminium potassium sulfate, Potassium alum, Potash alumAluminium potassium bis(sulphate)|
|Supplier Database||Merck KGaA, Zibo Dazhong Edible Chemical, Nutrien|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
An equimolar mixture of hydrated aluminium sulfate and potassium sulfate is dissolved in minimal quantity of water in the presence of sulfuric acid. This mixture is subjected to crystallization, and crystals of potash alum are obtained.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.