Ammonium Acetate Price Trend and Forecast

Ammonium Acetate Regional Price Overview

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

Ammonium Acetate Price Trend for the First Half of 2024

Asia

During the first half of 2024, the ammonium acetate market experienced varied price trends influenced by fluctuations in the prices of its major feedstock materials ammonia and acetic acid. In Asia, particularly in China and India, the price of ammonium acetate exhibited moderate stability in the first quarter of 2024. This period saw subdued demand and sufficient inventories, which tempered the market's growth potential. As the sowing season approached, a mild upward trend was noted, driven by an increased need for fertilizers.
 

Ammonium Acetate Price Chart

Please Login or Subscribe to Access the Ammonium Acetate Price Chart Data
 

However, the overall price trajectory remained somewhat confined due to the lack of robust demand and the fluctuating cost support from the feedstocks. Moving into the second quarter, the ammonium acetate market in Asia witnessed more pronounced fluctuations. In China, the market saw a continuous decline due to the reduced demand from downstream industries and an oversupply in inventories. This downturn was exacerbated by the ongoing maintenance shutdowns in key production facilities, which, while initially expected to bolster prices, had only a minimal impact on the market. The overall sentiment in the Asian market remained bearish as the quarter concluded, reflecting the waning enthusiasm from downstream industries.

Europe

The ammonium acetate market experienced a downward trend in Europe throughout the first quarter of 2024. The decline was primarily due to weak demand from the agricultural sector and disruptions in export routes caused by geopolitical tensions. Despite high manufacturing efficiency, the resulting increase in stockpiles further pressured prices downward. In the second quarter, the market showed slight buoyancy due to increased demand from the construction sector, but the overall trend remained negative, with rising freight charges and logistical challenges continuing to impact the market.

North America

In North America, the ammonium acetate market displayed a mixed trend in the first quarter of 2024. Prices initially declined due to reduced purchasing activity from the fertilizer sector, but a mild recovery was noted later as the planting season progressed, supported by stable production levels. The second quarter continued this pattern, with prices generally declining due to lower demand from key downstream sectors.

However, the strong performance of domestic manufacturing plants and robust demand for derivatives provided some support, preventing a more significant downturn. In conclusion, the ammonium acetate market in H1 2024 showed a complex interplay of stability and fluctuation across different regions. While occasionally saw mild recoveries, the overall trend remained cautious and reflective of broader market uncertainties.

Analyst Insight

According to Procurement Resource, Ammonium acetate prices are expected to remain fluctuating in the coming months as well, a range bound price trajectory is anticipated.
 

Ammonium Acetate Price Trend for the Second Half of 2023

Asia

In the Asian market, ammonium acetate prices exhibited a general upward trend throughout the second half of 2023. This increase was driven by a surge in demand for ammonia derivatives, particularly from the domestic and international markets. Despite the strong demand, the market faced challenges due to supply chain disruptions and the sudden closure of some production plants, which led to depleted inventories. These factors created a supply-demand gap, pushing prices higher, especially in China, where the ammonium acetate market was buoyed by these supply constraints. The steady rise in acetic acid prices, supported by robust industrial activity in China and India, also contributed to the positive price trajectory of ammonium acetate in the region.

Europe

In Europe, the ammonium acetate market experienced a mixed trend during the latter half of 2023. Initially, the market saw upward pressure on prices due to strong demand for ammonia derivatives and disruptions in natural gas availability, which impacted production rates. Additionally, the influx of expensive imports and the weak performance of European currencies further fueled the price increase. However, as the period progressed, conflicting trends emerged from the feedstock side. While ammonia prices continued to rise, the acetic acid market struggled with economic challenges, including high inflation and ongoing geopolitical tensions, which tempered the overall growth of ammonium acetate prices. This led to a fluctuating market scenario, with price buoyancy observed in some instances.

North America

In North America, the ammonium acetate market demonstrated a more stable yet mixed pattern in the second half of 2023. The market initially benefited from restocking activities by fertilizer traders and steady demand for ammonia derivatives, which provided upward momentum. However, the acetic acid market in the region faced a downward trajectory due to high interest rates and weak upstream cost support, which introduced fluctuations in the ammonium acetate price trends. Despite these challenges, the stable production rates and consistent demand from key downstream sectors helped maintain a relatively optimistic outlook for the ammonium acetate market in North America.

Analyst Insight

According to Procurement Resource, ammonium acetate prices are likely to stabilize a little in the coming months of the New Years since the supply and demand outlooks are looking more coinciding for the coming months.
 

Ammonium Acetate Price Trend for the First Half of 2023

Asia

The trend of ammonium acetate prices was dependent on the market momentum of acetic acid and ammonia, as these compounds serve as its feedstock material. The Asia Pacific region witnessed a moderate surge in the price trend of ammonium acetate in the first quarter as, along with domestic production, the demand for ammonium acetate inclined, too. But with a sudden decrement in the procurement rates of downstream industries and the rising level of inventories, the prices faced southward in the second quarter.

Europe

The initial phase of the first quarter proved to be fruitful for the prices of ammonium acetate as with high demand and rising prices of feedstock materials, the price trend of ammonium acetate surged. But since the commencement of the second half of the first quarter and throughout the second quarter, the prices took a bearish turn.

The market sentiments during this phase were adversely affected by the weak movement of the manufacturing sector and the reluctant behavior of consumers. Further, the rise in the level of inventories on account of the high influx of imports from China and other Asian countries weakened the movement of ammonium acetate prices.

North America

During the first quarter of 2023, the price trend of ammonium acetate struggled with a decline in the number of offtakes, a slump in the procurement rates of consumers, and weak performance of the manufacturing and production sectors. The fall in the prices became much more prominent in the second quarter. This significant downward growth of the ammonium acetate price trajectory was a direct consequence of the feeble condition of the North American economy and limited support from the feedstock market.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium acetate will likely face a significant downfall. The decline in the trend will be attributed to the lowered support from the cost of feedstock materials and demand from the downstream industries.

Procurement Resource provides latest prices of Ammonium Acetate. 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.