Ammonium Sulfide Price Trend and Forecast

Ammonium Sulfide Regional Price Overview

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

Ammonium Sulfide Price Trend for the First Half of 2024

Asia

In the first half of 2024, the ammonium sulfide market displayed a variety of trends across different regions, reflecting its significance in several industrial applications, including its use in the manufacturing of chemicals and textiles and as a reagent in various processes. In Asia, the ammonium sulfide market exhibited fluctuations that mirrored the broader industrial activities within the region.
 

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The market started the year with subdued demand, particularly from sectors such as textiles and chemical manufacturing, leading to a slight decline in production and sales. However, as the year progressed and the sowing season began, demand from agricultural applications saw a rise, stabilizing the market by the end of the first quarter. The second quarter experienced a mixed trend, with market activity picking up initially due to increased industrial demand but later tapering off due to inventory adjustments and a cautious approach by manufacturers.

Europe

In Europe, the ammonium sulfide market experienced a more pronounced downward trend during the first quarter of 2024. The region faced challenges similar to those seen in other sectors, including reduced industrial activity and lower demand from key industries. This was further exacerbated by supply chain disruptions and a reduction in natural gas availability, which impacted production rates. Although the market showed signs of recovery as the spring season approached, overall demand remained weak, keeping the market under pressure throughout the second quarter.

North America

In North America, the ammonium sulfide market demonstrated a relatively stable yet fluctuating trajectory. The early part of the year saw reduced purchasing activity, particularly from the agricultural and chemical sectors, due to adverse weather conditions that disrupted operations. However, as the planting season commenced and industrial activities picked up, the market began to show signs of improvement. The second quarter was marked by slight ups and downs, reflecting the region's cautious approach to inventory management and purchasing. Overall, the North American market maintained a balanced outlook, supported by steady industrial demand and favorable production conditions. Overall, varying pricing outlook was witnessed.

Analyst Insight

According to Procurement Resource, Ammonium Sulfide prices are projected to showcase fluctuations in the coming months. Downstream demands will continue to drive the markets going forward.
 

Ammonium Sulfide Price Trend for the Second Half of 2023

Asia

In the second half of 2023, the ammonium sulfide market exhibited varied trends across different regions, influenced by its significant industrial applications, including its use in the production of agricultural chemicals, textiles, and other chemical processes. In Asia, the market for ammonium sulfide showed a mixed performance. The third quarter began with a surge in demand, driven by increased industrial activities in chemical manufacturing and agriculture. However, this initial boost was tempered by supply chain disruptions and occasional production shutdowns, which led to fluctuations in market dynamics. Despite these challenges, the overall market sentiment remained positive, with demand rebounding toward the end of the quarter. As the year progressed into the fourth quarter, the market saw continued growth, though it was marked by sporadic volatility due to ongoing supply chain issues and varying levels of industrial demand.

Europe

In Europe, the ammonium sulfide market experienced a generally positive trend during H2 2023. The market benefited from strong demand in the agricultural sector, particularly during the early part of the third quarter. However, the region faced some headwinds due to adverse weather conditions, which disrupted the natural production cycles and led to temporary softening in demand. By the fourth quarter, market conditions began to stabilize as the demand from downstream industries, especially in agriculture and textiles, picked up. The geopolitical tensions in the region, particularly those affecting trade routes, added further complexity to the market, causing occasional fluctuations in supply and demand dynamics.

North America

In North America, the ammonium sulfide market demonstrated a relatively stable performance throughout the second half of 2023. The third quarter started with moderate demand, primarily from the agricultural sector, which was slightly impacted by adverse weather conditions. However, as the quarter progressed, the market saw a steady increase in demand, supported by restocking activities and stable production rates. The fourth quarter continued this trend, with the market maintaining a balanced outlook. Although there were some supply chain challenges, the overall market sentiment remained optimistic, driven by consistent industrial demand and favorable production conditions. Across all regions, the ammonium sulfide market in H2 2023 was characterized by a dynamic interplay of supply-demand factors, reflecting its critical role in various industrial processes.

Analyst Insight

According to Procurement Resource, the ammonium sulfide price trajectory is anticipated to take a slight dip stepping into the new year, primarily because the worsening geopolitical situation will very adversely affect the international trade.
 

Ammonium Sulfide Price Trend for the First Half of 2023

Asia

In the industrial production of ammonium sulfide, ammonium hydroxide, and hydrogen sulfide play a significant role and thus dictate its price trend. During the first quarter of 2023, a notable decrease in the cost of raw materials played a significant role in the decline of ammonium sulfide prices.

The simultaneous increase in inventory levels and a gradual decrease in demand from the fertilizer sector further contributed to the stagnation in the growth of ammonium sulfide prices. The second quarter continued this downward trend due to the weakened condition of the downstream sector and a widening gap between supply and demand.

Europe

Ammonium sulfide prices in Europe experienced a negative trajectory, primarily influenced by the decrease in natural gas costs and sluggish activity in downstream industries. Unfavorable weather conditions causing delays in the agricultural sector's sowing season also impacted ammonium sulfide procurement rates. The overall economic downturn in European countries further intensified the decline in prices.

North America

In North America, both domestic and international industries reduced their inquiries for ammonium sulfide, leading to a deceleration in the growth rate of its prices in the first quarter of 2023. The price trend was negatively impacted by an increase in imports and frequent disruptions in the supply and demand dynamics of the region. Moreover, the fertilizer industry's demand in the first and second quarters further influenced the market fundamentals, contributing to the adverse conditions in the ammonium sulfide price trend.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium sulfide is estimated to face challenging conditions due to the weak movement of downstream industries and the falling cost of raw materials.

Procurement Resource provides latest prices of Ammonium Sulfide. 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.