Ammonium Carbonate Price Trend and Forecast

Ammonium Carbonate Regional Price Overview

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

Ammonium Carbonate Price Trend for the Q3 of 2024

Asia

The ammonium carbonate market experienced volatility throughout the third quarter of 2024, with prices fluctuating within a defined range. Early in the quarter, prices stabilized as market participants adopted a cautious approach due to the declining prices of ammonia, a key feedstock. Additionally, oversupply and high inventories contributed to the steadying price graph. Logistical challenges further impacted the market, as frequent rainfall in several regions hindered transportation.
 

Ammonium Carbonate Price Chart

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Exports also remained weak, as Chinese policymakers imposed export cuts on fertilizers to protect farmers from the sudden rise in prices during the planting season. Demand from agrochemical enterprises was moderate, as it coincided with the mid-crop season for various crops. Overall, prices continued to fluctuate, influenced by the interplay between supply and demand.

Europe

The European ammonium carbonate market, mirroring the price trends of the Chinese market, fluctuated due to various factors. While upstream ammonia prices were declining, this had a limited impact on ammonium carbonate prices. Demand for ammonium carbonate remained moderate, with a generally optimistic outlook. Downstream demand from the agrochemical industry had increased.

Imports from China were restricted as the Chinese government imposed export limitations on fertilizers. Additionally, the supply of ammonium carbonate and other fertilizers was constrained by sanctions on Russian natural gas imposed by several European countries. Natural gas, a key feedstock in fertilizer production, faced a supply shortage until Russian imports were replaced by supplies from Egypt. Although Russian natural gas imports had decreased, low-cost fertilizer imports from Russia continued. Traders remained cautious in their procurement, anticipating potential further restrictions on Russian fertilizers.

North America

The North American ammonium carbonate market mirrored trends seen globally, with prices remaining volatile. Demand from the downstream sector, particularly in fertilizers and agrochemicals, was strong. Supply shortages, driven by logistical challenges during the peak hurricane season, contributed to sustained high prices. In response, market participants raised their ex-quotations, reflecting a supply deficit, which further pushed prices upward.

Analyst Insight

According to Procurement Resource, the prices of ammonium carbonate are expected to continue their volatile trend in the coming months depending on the price trend of its feedstocks and approaching harvesting season.
 

Ammonium Carbonate Price Trend for the Q2 of 2024

Asia

Ammonium carbonate is an important component because of its versatile industrial significance, especially in the food and baking industries, where it is used to give foods specific textures. Along with the food industries, the pharma and agriculture sectors are also a few of the big consumers of ammonium carbonate. During the second quarter of the year 2024, ammonium carbonate prices were found to be following a tepid trajectory for the majority of the said period.

Primarily because of the consistent decline in the feedstock ammonia prices, a swift downfall was observed in the ammonium carbonate rates as well. The carryover inventory stocks from the previous quarter were also creating downward pressure on the prices of ammonium carbonate. The downstream consumption was very regular and thus didn’t offer much room for the prices to grow. Overall, a dull market performance was witnessed in Q2’24.

Europe

In the European market, the pricing story for ammonium carbonate was no different from the Asian markets. The prices were found to trace a downward trend here as well. Given the regional and global political unrest, the trade sentiments in Europe remained disturbed for the second quarter of the year as well.

Following the Red Sea attacks, the shipments through the Suez Canal, the primary maritime gateway between Asia and Europe, saw a significant drop in shipments passing through it. Given these disturbances, consumer demands also took a hit in the region, and conclusively, the overall market performance of ammonium carbonate was impacted.

North America

Following the global trends, ammonium carbonate prices were observed falling in the American markets as well. The global sluggishness in the said market was mirrored in America. The prices faced a two-way regression. The demands from major consuming sectors, including agriculture and pharmaceuticals, were already low. Along with that, the consistent supply influx flooded the inventories. Delays in the federal interest rate cuts helped sustain the prices a bit; however, the major market sentiments remained timid.

Analyst Insight

According to Procurement Resource, Ammonium Carbonate prices are likely to start improving in the upcoming quarter; however, any significant rise will take time since sluggish growth is expected.
 

Ammonium Carbonate Price Trend for the Q1 of 2024

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Asia

The ammonium carbonate market prices were majorly influenced by the price trend of its feedstock ammonia in the Asian market during the first quarter of the year 2024. Inventories were already overflowing and were sufficiently capable of supporting the existing downstream demands. This situation kept the suppliers’ excitement dull during this time, especially at the beginning of the first quarter.

Ammonium carbonate prices dipped at first in January as the supplies exceeded demands by great margins. However, the various issues in transportation unfolding globally with Houthi attacks in the Red Sea and wars in Europe and the Middle East trampled the global supply chains. Oil prices saw a striking rise in the international market. This, in turn, pushed the inflation up for almost all commodities. The Asian ammonium carbonate prices, too, saw a slight pump because of this, albeit the movement in the price graph was still very confined.

Europe

The ammonium carbonate price situation was not much different in the European markets as well since the domestic consumption here was even more subdued. The price trend began on a very weak and feeble note at the beginning of the first quarter in January as the tepid consumption kept pushing the price trend downwards.

The Ukrainian attacks on Russian oil refineries trampled the region’s energy infrastructure, which further complicated the upstream situation for the region. Overall, a varying price trend was witnessed for ammonium carbonate during the first quarter of 2023.

North America

The ammonium carbonate price trend in the American markets was very similar to that of the Asian market. The overall performance was relatively steady and meek as the end user consumption was weak from the very beginning of the said period. The rise in production costs did provide some forward push to the prices; however, the forward movement in the prices was very marginal.

The various geopolitical tensions across different parts of the world were affecting the industrial and trading activities in the USA. The international orders were hanging on the lower side. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, given the current macroeconomic statistics, not a lot of variation is expected in the coming months. The second quarter is also likely to remain dull going forward.
 

Ammonium Carbonate Price Trend for the October - December of 2023

Asia

The strong projection of the cost of feedstock materials helped the ammonium carbonate market to remain stable in the fourth quarter of 2023. The month-on-month fluctuations in the prices were, however, caused by the drop in the demand from the fertilizer industries, but the tight supply of raw materials and quickly dipping inventory levels helped the traders to quote approximately the same number to their consumers.

Europe

The European countries also faced similar challenges as the Asian countries as the ammonium carbonate price trend here, too, struggled to maintain their momentum. During the course of the fourth quarter, the fertilizer industries gave mixed signals and did not move in a positive direction as the planting season was still some months away. Moreover, the food industry also showcased some mixed signals regarding the demand for ammonium carbonate, whose effect was evident in the trajectory of its prices.

North America

The North American manufacturing sector suffered from a double-digit decline in the cost of crude oil and natural gas. Further, the downstream industries also depicted only slower rates of revival after the troublesome last few quarters. However, the cost of raw materials rose in view of restricted supply and consistent demand, which is expected to showcase its effect in the forthcoming quarters only.

Analyst Insight

According to Procurement Resource, the Ammonium Carbonate prices will be based on the performance of the fertilizers sector and fluctuations in the crude oil sector.
 

Ammonium Carbonate Price Trend for the July - September of 2023

Asia

The market of ammonium carbonate experienced an inclining trajectory on the back of the positive momentum of prices shown by the ammonia and carbon dioxide prices, which serve as the feedstock of this compound.

The outlook of downstream industries such as food and beverages, packaging, and fertilizers supported the northward movement of the ammonium carbonate graph. The traders took this as an opportunity to increase their profits, and thus, the price trend of ammonium carbonate inclined.

Europe

In European countries, the escalation in the prices of ammonium carbonate is attributed to the demand from the agriculture sector and the depleting level of inventories. Further, the supply chains also suffered from disruptions in the pipelines, which further degraded the rate of influx of ammonium carbonate in the region. In addition to this, the growth trajectory adopted by the gas and fuel prices also supported the upward trend of ammonium carbonate prices.

North America

With minute fluctuations during the initial phase of the third quarter, the price trend of ammonium carbonate remained stable throughout the quarter. Due to excessive droughts and lower water levels in the region, the supply of ammonium carbonate got constricted while its demand rose by several folds. During the end phase of the quarter, the manufacturers looked forward to increasing their production capacities and thus contributed to the positive momentum of ammonium carbonate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium carbonate is expected to retain a positive momentum with the help of the inclining cost of raw materials.
 

Ammonium Carbonate Price Trend for First Half of 2023

Ammonium carbonate is an unstable salt of ammonia that degrades easily to ammonia and carbon dioxide, even in the presence of slightly elevated temperatures. It is widely used in the agriculture sector as a source of ammonia in fertilizers.

The production of this salt is also simple as it is obtained by an elementary reaction of ammonia and carbon dioxide, which serves as feedstock materials for its synthesis and, thus, influences its price trend heavily.

The prices of ammonia slumped globally in the first two quarters of 2023 due to poor demand and a decline in the interest of consumers in the fertilizers segment. The downstream industries thus failed to support the ammonia market, and as a result, the price trend of ammonium carbonate slumped.

This low procurement from the fertilizers segment is due to high fluctuations in agricultural activities, a direct consequence of abrupt monsoon season and overall weather activities globally. The economic activities globally also struggled with the failure of two major US banks that further declined the purchasing potential of buyers.

Analyst Insight

According to procurement resources, the price trend of Ammonium Carbonate is expected to show oscillations globally as the demand from fertilizers sectors is expected to remain low amid the sliding global economic conditions.

Procurement Resource provides latest prices of Ammonium Carbonate. 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.