Ammonium Nitrite Price Trend and Forecast

Regional Price Overview

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.

Ammonium Nitrite Price Chart

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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.