Ammonium Sulfide Price Trend and Forecast

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 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.

Ammonium Sulfide Price Chart

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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.