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...

For the Quarter Ending June 2023 North America: Throughout the second quarter, the North American  Ammonium Chloride  market experienced persistent price weakness. The decline was predominantly driven by decreasing prices of feedstock Ammonia and upstream Natural Gas. The US Bureau of Labor and Statistics reported a 2.6% decrease in the Natural Gas Index for the month, marking the fourth consecutive decline in that index. The prevailing trend was further influenced by the global economic slowdown and rising inflation. Buyers hesitated to engage in bulk purchases amidst heightened inflation and increased interest rates, leading traders to adjust prices downward. Additionally, low water levels in the Mississippi River, caused by heat, impacted exports to other countries. Consequently, an oversupply of Ammonium Chloride material was observed in the market. Overall, the Ammonium Chloride market in this quarter retained a bearish stance due to muted buying interest from the end-use...