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 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.
 

Strontium Nitrate Price Chart

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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.

Procurement Resource provides latest prices of Strontium Nitrate. 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.