During the first half of 2023, the Ammonium Sulphate markets in Asia, Europe, and North America experienced fluctuating and declining prices. Feeble demands from downstream fertilizer and chemical industries, along with reduced feedstock costs, influenced the markets’ performance. The European and North American markets also encountered challenges with high inventories and lingering effects of the economic recession caused by the Russia-Ukraine war. Despite these obstacles, the Ammonium Sulphate markets in all regions managed to remain afloat, showcasing resilience amid dampened trade sentiments and subdued activities.
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Definition
Ammonium Sulphate is an inorganic salt with the chemical formula (NH4)2SO4. It is a white, crystalline solid and a widely used nitrogen fertilizer in agriculture. The compound provides essential nitrogen and sulfur nutrients to plants, promoting growth and improving crop yields. It is also utilized in various industrial applications, such as in the manufacturing of fire extinguishing agents, food additives, and pharmaceuticals.
Key Details About the Ammonium Sulphate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ammonium Sulphate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ammonium Sulphate Price chart, including India Ammonium Sulphate price, USA Ammonium Sulphate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ammonium Sulphate Price Trend:
Ammonium Sulphate serves key industrial purposes across various sectors. In agriculture, it is widely used as a nitrogen fertilizer, supplying vital nutrients to plants for enhanced growth and crop yields. In the fire-fighting industry, it acts as a fire extinguishing agent due to its ability to suppress flames. Additionally, it finds applications as a food additive and in the pharmaceutical industry, further showcasing its versatility and importance in industrial settings.
Key Players:
- Acros Organics
- Maru Chem Industries
- BASF SE
- Domo Chemicals
- Jiangsu National Agricultural Chemical Co., Ltd
- GFS Chemicals Inc
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