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Ammonium Chloride Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Ammonium Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ammonium Chloride Price Trend for the October - December of 2023
The historical data of ammonium chloride price trend showcased a sign of a strong fourth quarter of 2023, but the overall market dynamics of the Asian countries prevented the uptrend in the ammonium chloride prices. The trouble in the waters was caused by the lower rates of procurement from the downstream fertilizer industries. However, the cost of feedstock ammonia showcased a positive movement in this phase but was still not sufficient in keeping the prices in the upward direction.
After experiencing a significant inclination in the third quarter of 2023, the growth trajectory of the ammonium chloride market in the European countries slowed down in the subsequent quarter. The cost of production rose by a slight margin, given the improvement in the ammonia sector, but lukewarm rates of procurement from the downstream fertilizer and pharmaceutical industries troubled the traders. Another major factor that altered the trajectory of ammonium chloride price trend was the restrictions on exports by the Asian countries, especially China, which lowered the availability of raw materials in the region and raised the skepticism of the investors in this sector.
The fourth quarter brought a decline in the cost of natural gas and crude oil by approximately 10% which had a significant impact on the ammonium chloride prices. Additionally, the rates of export declined due to surging issues of the Panama Canal and other exporting routes. Further, the downstream industries were also hesitant to place bulk orders due to excessive inventory levels, negatively affecting the orientation of ammonium chloride price trend.
According to Procurement Resource, the price trend of Ammonium Chloride seem to be struggling with the tepid condition of the fertilizer market, but soon, with the plantation season, the demand for ammonium chloride is expected to increase.
Ammonium Chloride Price Trend for the July-September of 2023
The Asia Pacific market of ammonium chloride showed positive movement in the third quarter of 2023. The ammonium chloride price graph took up a northward trajectory on account of high rates of procurement from the fertilizer and agriculture sector and rocketing the cost of raw materials. In addition to this, the region struggled with constraints in the supply chains due to the sudden shutdown of some significant manufacturing units in China. This depleted the level of stockpiles and helped in the rise in the price trend of ammonium chloride.
The European market of ammonium chloride escalated with the help of positive momentum seen in the downstream industries. The rise in the ammonium chloride price trend was also a consequence of the increasing cost of feedstock materials and fluctuations in the supply chains. The derivatives of ammonium chloride incurred high demand not only from the domestic but also from overseas industries, which further supported the ammonium chloride price graph to incline.
The effect of rising prices of ammonium chloride seen in Asia Pacific and European countries was followed in North America, too. Here, the consumers retained their confidence in the market and expanded their spending appetite. On the other hand, the escalating cost of feedstock materials, disrupted supply chains, and substantial increase in the demand from the international end-users of industries of ammonium chloride resulted in the growth of ammonium chloride price trend.
According to Procurement Resource, the price trend of Ammonium chloride is estimated to reap the benefits of growing demand and a positive outlook for the global markets.
Ammonium Chloride Price Trend for the First Half of 2023
Ammonium chloride observed mixed price trend throughout the first half of 2023. The market had surplus supplies and sluggish demands, but few offtakes from the downstream agricultural sector positively contradicted otherwise negative trend. The ammonium chloride prices started with a spot price of about 1157 RMB/MT in January and went to around 627 RMB/MT in May’23. The bearish market sentiments amidst overstocked inventories did not let the price trend recover.
The price trend for ammonium chloride exhibited fluctuating patterns in the European market. There were some occasional demands from the downstream industries. But the drowning feedstock costs coupled with reduced freight and energy prices amidst limited trade activities pulled the market prices down. So, overall, Ammonium Chloride prices had an oscillated downward run throughout the first half of 2023.
The North American market also behaved in unison with the global market. After being somewhat stable in the initial months of quarter one, Ammonium Chloride prices dropped exponentially. So, overall declining price trend were observed. Price dips were mostly related to the downgraded production and upstream costs as dipping feedstock and energy prices got coupled with excess supplies. Overall, market sentiments were very dull.
According to the Procurement Resource, the Ammonium Chloride market is highly unlikely to recover in the coming quarter as a substantial rise in downstream demands is required for a rebound.
Procurement Resource provides latest prices of Ammonium Chloride. 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.
Ammonium chloride is a white crystalline salt that is inorganic and highly miscible in water. Its solutions are frequently mildly acidic. It is primarily used as a fertiliser as well as a flavouring agent in various types of liquorice. It is used in fertilisers as a nitrogen source. Ammonium chloride is typically formed by the condensation of coal-derived gases on burning coal dumps. It is also found near some types of volcanic vents.
|Personal care and cleansing products, Food products, Feed supplement , Electrolyte in dry cell batteries
|BASF SE, CNSG Anhui Hong Sifang Co. Ltd., Jiangsu Huachang Chemical Co. Ltd, Central Glass Co. Ltd., Dallas Group of America Inc
|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
|US$ (Data can also be provided in local currency)
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Ammonium Chloride is produced as a byproduct of the Solvay Process for the production of sodium carbonate. It is created by combining carbon dioxide, ammonia, and brine solution.
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).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103