Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America During the second quarter, the North American market saw a decline in  Ammonium Chloride prices . This was primarily due to the decreasing prices of Ammonia and Natural Gas, which are used as feedstock. The US Bureau of Labor and Statistics reported a 2.6% decrease in the Natural Gas Index for the fourth consecutive month. The global economic slowdown and rising inflation also played a role in this trend. Buyers were hesitant to make large purchases due to inflation and increased interest rates, causing traders to keep prices low. Additionally, low water levels in the Mississippi River due to heat affected imports to other countries, resulting in an excess supply of Ammonium Chloride in the market. Overall, the market for Ammonium Chloride remained bearish during this quarter, largely due to a lack of buying enthusiasm from end-user fertilizer companies. However, the Consumer Price Index of the USA showed a marginal rise and is expecte...