Ammonium Acetate Price Trend and Forecast

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 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.

Ammonium Acetate Price Chart

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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.