Strontium Nitrate Price Trend and Forecast

Strontium Nitrate Regional Price Overview

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

Strontium Nitrate Price Trend for Q1 2025

The strontium nitrate market began 2025 with stable pricing that gradually increased by mid-January as suppliers reported tightening inventories. This upward momentum was primarily driven by modest restocking activities from pyrotechnics manufacturers preparing for spring festival demands.
 

Strontium Nitrate Price Chart

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February marked the strongest period, with prices climbing notably month-over-month. The market benefited from increased procurement by specialty glass manufacturers and electronics producers following the holiday period. Operating rates at production facilities remained consistent while downstream buyers displayed greater purchasing enthusiasm.

However, March brought a reversal as prices declined steadily throughout the month. Manufacturing facilities increased their production rates in response to earlier price gains, creating an oversupply situation. Simultaneously, both domestic and international demand weakened considerably. Export opportunities diminished due to ongoing shipping challenges and reduced international orders. By quarter's end, prices had fallen below January levels, with mainstream factory quotations showing a significant decrease from February peaks.

Analyst Insight

According to Procurement Resource, the Strontium Nitrate market is expected to continue its downward trend in the near term, as supply currently exceeds demand and downstream industries maintain cautious purchasing approaches.
 

Strontium Nitrate Price Trend for the Year 2024

The strontium nitrate market experienced notable fluctuations throughout 2024, influenced by several key factors. During Q1, prices initially declined due to reduced demand from the electronics and pyrotechnics industries. Winter months typically showed lower consumption, resulting in inventory accumulation and downward price pressure across major markets.

By Q2, the market stabilized somewhat as seasonal demand from fireworks manufacturers began to increase in preparation for summer celebrations. However, this recovery was limited by continued supply chain disruptions and transportation challenges, particularly affecting European markets.

The third quarter saw mixed trends across regions. Asian markets, especially China, maintained steady production volumes but struggled with excess inventory and limited export opportunities. In North America, prices showed more stability due to consistent demand from specialty glass and electronics sectors, though geopolitical tensions impacted international trade flows.

Q4 brought further challenges as manufacturers faced rising production costs due to increases in raw material prices. Despite this upward cost pressure, weak demand from end-use industries prevented significant price increases. European markets experienced the most volatility during this period, with energy costs and logistical issues creating regional supply constraints.

Analyst Insight

According to Procurement Resource, the Strontium Nitrate market is expected to remain under pressure in early 2025, with potential stabilization dependent on improved global trade conditions and recovery in key downstream industries like electronics and pyrotechnics.
 

Strontium Nitrate Price Trend for the Second Half of 2023

The strontium nitrate market during the second half of 2023 experienced notable fluctuations across major regions. In Asia, prices initially weakened due to sluggish demand from downstream industries, particularly in the pyrotechnics and electronics sectors. However, as Q4 progressed, increased production costs and tightening raw material supplies caused a moderate price recovery.

European markets followed a similar pattern but with greater volatility. After facing downward pressure early in H2, prices stabilized and then gradually increased by year-end due to higher energy costs affecting production. Supply chain constraints and transportation issues further supported this upward movement.

North America saw more stable pricing compared to other regions. Limited imports and consistent domestic demand from the defense and specialty glass industries helped maintain price levels despite occasional logistics challenges. The region experienced only modest price increases toward the end of Q4 when feedstock costs rose.

Overall, strontium nitrate prices reflected the broader chemical market conditions, responding to energy price fluctuations, transportation constraints, and varied regional demand patterns.

Analyst Insight

According to Procurement Resource, the Strontium Nitrate market is expected to face continued uncertainty heading into 2024, with prices likely influenced by energy costs and potential improvements in global supply chains.
 

Strontium Nitrate Price Trend for the First Half of 2023

Asia

Strontium nitrate is obtained from the reaction between ammonium nitrate and strontium carbonate, and thus, these compounds drive its price trend. In the first quarter of 2023, the price trend of Strontium nitrate faced northwards as the trading activities picked up their pace.

There was also an imbalance between the demand and supply equilibria as the suppliers faced a crunch in supply chains while the demand surged gradually. This momentum, however, could not be carried to the second quarter. The prices took a bearish turn as the feedstock costs and depreciation in demand pushed the prices in a downward trajectory.

Europe

In the first quarter, the trading activities of the European countries fell consistently. The poor performance of the Strontium nitrate market was a direct consequence of the rising inflation and elevated interest rates.

The domestic demand also softened amid the economic concerns and the enhanced efficiency of supply chains, thus causing the level of inventories to shoot up. In the second quarter, too, the consistently falling demand and lack of new orders from the domestic industries ultimately led to the downfall in the price trend of Strontium nitrate.

North America

The prices of Strontium nitrate declined significantly in the first quarter of 2023 as the supply and demand of Strontium nitrate struggled to maintain their equilibria.

The traders also witnessed poor purchasing activities of the consumers, and the overall low demand for Strontium nitrate led to the southward movement of the Strontium nitrate price trend in the first quarter. The fall in the prices in the second quarter was further accelerated by stumbling feedstock costs and excess availability of the product.

Analyst Insight

According to Procurement Resource, the price trend of Strontium nitrate is expected to fall in the upcoming quarters as the performance of the downstream industries does not seem to support the growth of Strontium nitrate prices.

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