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Ammonium Sulphate Price Inclines in USA, while Maintaining Stability in Europe
Ammonium Sulphate Price Inclines in USA, while Maintaining Stability in Europe

Ammonium Sulphate Price Inclines in USA, while Maintaining Stability in Europe

  • 06-May-2024 6:01 PM
  • Journalist: Patricia Jose Perez

During the month of April 2024, the global Ammonium Sulphate market witnessed varying trends across different regions. Specifically, the North American market demonstrated an optimistic price trajectory, whereas the Asian and European markets maintained a balanced-to-bearish stance. This divergence in market performance can be attributed to several factors, including regional demand dynamics, economic conditions, and regulatory influences. 

In the North American market, the price of Ammonium Sulphate experienced a notable increase of 18.9% over the specified period. This upward trajectory in pricing was primarily propelled by a significant shortage of the material within the region. The scarcity of Ammonium Sulphate stemmed from various production challenges encountered by key market players, including AdvanSix, BASF, and Nutrien. Moreover, the fluctuating price of essential feedstock, Ammonia, exerted some influence on Ammonium Sulphate pricing dynamics during this period. Despite these fluctuations, the cost pressure emanating from Ammonia remained somewhat contained its impact on Ammonium Sulphate prices. The timing of these developments coincided with the early arrival of the spring season, prompting heightened demand for Ammonium Sulphate as agricultural activities commenced. This increased demand further exacerbated the existing supply-demand disparity within the market, contributing to the observed surge in prices.

Throughout the aforementioned period, the European Ammonium Sulphate market exhibited a state of price stagnation, marked by minimal fluctuations in pricing dynamics. This prolonged period of stability was attributed to subdued demand from key downstream fertilizer sectors, a trend linked to global farmer protests amid heightened fertilizer and energy prices. The resultant adjustments made by traders to align fertilizer prices, including Ammonium Sulphate, with prevailing market conditions further contributed to this equilibrium. Moreover, Bulgarian farmers have vocalized their discontent with European Union (EU) regulations and the associated challenges arising from the escalation of fertilizer and energy expenses. This discontent underscores broader apprehensions within the agricultural community regarding the economic feasibility of farming operations amidst rising input costs.

Such sentiments highlight the imperative for policymakers and industry stakeholders to address the multifaceted challenges confronting the agricultural sector, encompassing regulatory complexities and cost pressures, to fortify its long-term viability and resilience. In reflection of these market dynamics, the Free on Board (FOB) price of Ammonium Sulphate at the Hamburg port was assessed at USD 260 per metric ton on April 26th. This figure serves as a tangible indicator of the prevailing market conditions within the European Ammonium Sulphate market during the specified period.

ChemAnalyst's suggests a forthcoming downward trend in the Ammonium Sulphate market over the next few months. This projection is primarily attributed to the diminishing prices of feedstock and a concomitant reduction in seasonal demand.

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