Aluminium Nitrate Price Trend and Forecast

Aluminium Nitrate Regional Price Overview

Get the latest insights on price movement and trend analysis of Aluminium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aluminium Nitrate Price Trend For the Year 2024

Asia

In Asia, Aluminium Nitrate prices showed a declining trend for most of 2024. The first half experienced downward pressure due to oversupply in the Chinese market and subdued demand from end-user industries.
 

Aluminium Nitrate Price Chart

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While there was a brief price recovery in the third quarter due to increased industrial activity, the market softened again in the fourth quarter as production levels remained high and regional demand stayed weak. The construction sector's slower growth in key Asian economies also contributed to the bearish sentiment.

Europe

The European market for Aluminium Nitrate demonstrated an overall upward trend in 2024. The year began with steady prices, but the market gained momentum in the second quarter due to production constraints and elevated energy costs. Supply shortages in key producing countries, coupled with logistical challenges and strong demand from the textile industry, contributed to price increases. The market remained firm through the second half, supported by consistent demand from the electronics sector.

North America

In North America, Aluminium Nitrate prices followed a volatile pattern throughout 2024. The first half of the year saw moderate price increases driven by strong demand from the water treatment and electronics sectors. However, prices stabilized in the third quarter as production rates improved and supply chain disruptions eased. The fourth quarter witnessed a slight uptick in prices due to increased energy costs and higher raw material prices, particularly aluminium and nitric acid.

Analyst Insight

According to Procurement Resource, the global Aluminium Nitrate market is expected to stabilize with potential upward movement, driven by anticipated recovery in industrial activities and growing demand from the electronics sector. Regional supply-demand dynamics and energy costs will continue to play crucial roles in price determination.
 

Aluminium Nitrate Price Trend For the Second Half of 2023

Asia

The Asian Aluminium Nitrate market displayed mixed trends during the second half of 2023. The Chinese market maintained relative stability with a slight upward trajectory, supported by steady demand from the water treatment and textile industries. However, the Indian market experienced more volatility, particularly in the fourth quarter due to fluctuating downstream demand. Production levels remained adequate throughout the period, though logistics challenges in the Red Sea region impacted trade flows towards the end of the year. The market saw occasional demand spikes from the paper and leather industries, but overall consumption remained moderate.

Europe

European Aluminium Nitrate markets navigated through a challenging period in H2’23. The third quarter started with stable pricing, supported by consistent demand from industrial applications. However, market dynamics shifted notably in the fourth quarter as energy costs fluctuated and industrial activity slowed. Manufacturing sector performance remained subdued, particularly affecting demand from the textile and leather industries. The market also faced pressure from increased logistics costs and supply chain disruptions, especially during the latter part of the year when Red Sea shipping routes were compromised.

North America

The North American Aluminium Nitrate market demonstrated a predominantly bearish trend throughout the second half of 2023. The market began the period with steady demand from water treatment applications, but momentum gradually weakened as the year progressed. Production levels remained sufficient to meet domestic requirements, though Panama Canal restrictions impacted international trade flows.

The fourth quarter saw particularly subdued activity, with demand from key end-use sectors like textiles and paper manufacturing remaining below expectations. Supply chain disruptions and elevated transportation costs further complicated market dynamics.

Analyst Insight

According to Procurement Resource, the Aluminium Nitrate market is expected to show signs of recovery, driven by anticipated improvements in industrial activity and stabilizing logistics situations. However, ongoing geopolitical tensions could continue to influence supply chain efficiency and pricing dynamics in the near term.
 

Aluminium Nitrate Price Trend for the First Half of 2023

Aluminium Nitrate prices varied with the variations in its feedstock aluminium trichloride and nitric acid price trend. Since Aluminium Nitrate is used as a powerful oxidizing agent in the chemical industries, the consumption behavior also influences the Aluminium Nitrate market trend.

After the long COVID-19 lockdown in China, the industries were still struggling to open up. The pace of recovery was very slow, and the Russian invasion of Ukraine further complicated the offshore trade situation. With curtailed supply chains and heightened inflation, global demands also reduced for the major exporting nation. These factors continued well into the discussed period. Since inventories were heavily glutted and demands were subdued, the price trend for Aluminium Nitrate were unsatisfactory throughout the said period.

Analyst Insight

According to Procurement Resource, the Aluminium Nitrate market is likely to strive for stabilization in the coming months, so the price trend will likely fluctuate.

Procurement Resource provides latest prices of Aluminium Nitrate. 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.