Ammonium Nitrite Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Ammonium Nitrite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ammonium Nitrite Price Trend for First Half of 2023
Asia
In the first quarter, the consistent rise in energy costs and, in turn, in the cost of production led to the northward movement of the prices of ammonium nitrite. However, in Q2, the trend declined as the driving factors of the market suffered from a reduction in demand. This escalated the gap between demand and supply, which lowered the overall market sentiments of ammonium nitrite.
Please Login or Subscribe to Access the Ammonium Nitrite Price Chart Data
The prices of ammonia fluctuated in the first quarter of 2023, but the nitric acid market supported the rise in the prices of ammonium nitrite. Further, the consistent ups and downs in the fertilizers sector affected the demand for ammonium nitrite and thus proved to be a challenge for the ammonium nitrite price trend. These challenges increased in the second quarter as, due to the ill effects of extreme weather, the agricultural sector suffered a setback that, in turn, hampered the growth of ammonium nitrite prices.
North America
The demand scenario of ammonium nitrite remained in the red zone, and with that, the operational costs also inclined on account of hikes in energy costs in the first quarter, which negatively affected the overall market sentiments. Along with this, the cost of feedstocks and rates of exports to Canada and Mexico fell due to the disruptions in the trade routes. In addition to this, the excess availability of the product in the region eventually forced the trend to take a downward trend.
Analyst Insight
According to Procurement Resource, the price trend of Ammonium nitrite is expected to oscillate in the upcoming quarters as the agriculture sector is experiencing a slowdown.
Procurement Resource provides latest prices of Ammonium Nitrite. 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.
Ammonium nitrite is a crystalline white solid that is extremely susceptible to heat, shock, and friction. As a result, it is unstable by nature and prone to breaking down, which can result in explosive reactions. Ammonium nitrite is not frequently utilized in industrial applications because of these safety risks.
Report Features | Details |
Product Name | Ammonium Nitrite |
Chemical formula | NH4NO2 |
Industrial Uses | Fertilizers, Explosives |
CAS Number | 13446-48-5 |
Molecular weight | 64.06 g/mol |
Supplier Database | Eurochem Group AG, OSTCHEM Holding, Enaex SA, Neochim PLC, Incitec Pivot Limited, URALCHEM Holding PLC |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-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.
In the presence of oxidizing agents such as ozone and hydrogen peroxide, ammonia gets oxidized to give ammonium nitrite as the end product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103
Email: sales@procurementresource.com