During the third quarter of 2025, the ammonium bicarbonate market showed an overall weak performance, with limited price movements and low buying activity across major sectors. Throughout the quarter, producers maintained relatively stable operating rates, resulting in consistent supply. However, demand remained soft across the board, especially from agriculture and food-grade applications, which typically influence seasonal demand.
Industrial usage was steady but not strong enough to boost prices. Agricultural consumption, which often increases ahead of planting seasons, stayed muted for most of the quarter. This kept inventories from drawing down at a healthy pace, adding pressure on prices. Market participants were cautious, mostly buying based on immediate needs rather than building stock.
A short-lived improvement was seen in late July when production at a few plants slowed due to maintenance. This slightly tightened availability but was not enough to change the overall market direction. In August and September, prices trended lower again as supply outweighed demand and downstream sectors continued purchasing conservatively.
One indirect factor was the subdued availability of carbon dioxide a key raw material for ammonium bicarbonate. Though upstream input prices saw occasional firmness, the lack of strong demand kept any cost pressure from significantly affecting finished product prices.
Analyst Insight
According to Procurement Resource, prices of Ammonium Bicarbonate are expected to remain steady with mild fluctuations. A small improvement could occur if agricultural demand picks up in the coming months, but a stronger recovery will depend on how industrial demand evolves.