Japan's METI granted a $3 billion CfD subsidy to ACME-IHI for 228,000 t/y green ammonia exports from India starting 2030. The program reduces price risk for producers and secures offtake by Japanese users, encouraging low-carbon ammonia production and likely stabilizing green ammonia prices in the long run.
Asia
In 2025, the Asian ammonium sulfide market followed a largely stable but mildly fluctuating trajectory, shaped by ammonia feedstock movements, localized supply conditions, and measured downstream demand. During the first quarter, softer upstream ammonia prices reduced production costs, but seasonal shipping constraints and port delays limited the extent of downward pricing pressure. Demand from textile processing, leather finishing, and specialty chemical applications remained moderate, with buyers preferring near-term purchases over long-term inventory building. In the second half of the year, prices remained mostly range-bound. Q3 saw slight firmness early on due to temporary maintenance-related tightness, followed by softer sentiment as plant operations normalized and inventories increased. In Q4, the market turned mixed, with contained feedstock costs initially keeping prices stable before environmental inspections and maintenance shutdowns tightened ammonia availability and pushed prices higher mid-quarter. By year-end, the market had largely stabilized as supply conditions normalized.
Europe
European ammonium sulfide prices in 2025 remained mostly steady with mild quarter-to-quarter adjustments. The market benefited from subdued ammonia costs in the first quarter, although transportation disruptions and plant maintenance prevented any significant decline. Stable demand from metal treatment, gas scrubbing, refining, and specialty chemical sectors supported pricing. In the second half, Q3 saw mild downward movement due to weak feedstock support and measured industrial consumption, while Q4 recorded modest firmness as ammonia supply tightened temporarily. Prices stabilized again toward the end of the year.
North America
In North America, ammonium sulfide prices stayed broadly balanced throughout 2025. Feedstock cost softness and stable demand from oil refining, wastewater treatment, and specialty chemicals supported a largely range-bound market in the first half. During H2, pricing remained steady in Q3 before moving slightly upward in Q4 as temporary ammonia supply disruptions created localized tightness. New capacity additions later helped restore market balance.
Analyst Insight
According to Procurement Resource, the future price direction is expected to depend on ammonia feedstock availability and downstream demand from industrial and specialty chemical sectors.
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Asia
The Asian region experienced significant price volatility in ammonium sulfide during the second half of 2024, heavily influenced by China's market dynamics. Port stocks showed a consistent declining trend throughout the period, indicating tightening supply conditions. The market was further impacted by severe weather conditions, which disrupted production activities and logistics.
A notable development was China's consideration of fertilizer export restrictions, which affected raw material buying patterns. Fertilizer producers adopted a cautious approach to stockpiling, while increased sulfur burning activities in Indonesia, driven by nickel production, created additional demand pressure. The expansion of operations by major producers in the region added substantial sulfur demand, further tightening the market.
Europe
European ammonium sulfide markets showed strong upward momentum in H2’24, primarily driven by fundamental changes in raw material availability. The region faced significant challenges with maintenance rounds and unplanned outages at Western European refineries. The market was particularly impacted by rising production costs and ongoing geopolitical tensions affecting natural gas supply through Ukraine. Germany emerged as a key price indicator, though experiencing some volatility throughout the period. The widening spread between sulfur and crude oil prices further influenced the overall pricing structure, maintaining upward pressure on ammonium sulfide prices.
North America
The North American ammonium sulfide market demonstrated complex dynamics in H2 2024. Despite an overall bearish trend in downstream demand, supply-side factors provided price support. Agricultural activities faced significant disruptions due to adverse weather conditions, impacting crop harvesting across major regions. Labor strikes and natural disasters tightened supply, while the downstream agrochemical sector showed varying demand patterns throughout the season. The market maintained an upward trend despite lower crude oil prices, primarily supported by supply constraints and seasonal demand fluctuations.
Ammonium sulfide is a yellowish, unpleasant-smelling compound of ammonium. Its high solubility in water and ability to act as a reducing agent expands its industrial applications. Additionally, ammonium sulfide is used in labs for qualitative analysis, in the textile sector for dyeing procedures, and in photography for sepia-toned images.
NH4(HS)
ARKEMA, Evonik Industries, Sachtleben Chemie GmbH, Hebei Xinji Chemical Group, SAE Manufacturing Specialities Corp
Photography, Textile, Metal treatment, Leather tanning, Chemical Synthesis
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
Ammonium hydroxide and hydrogen sulfide react to produce ammonium hydrosulfide as the intermediate product. This intermediate is then subjected to ammonia to produce ammonium sulfide as the end product.
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