North America
In the fourth quarter of 2023, the North American Ammonium Chloride market faced several challenges that impacted prices. Firstly, there was an oversupply of Ammonium Chloride in the market, exacerbated by delayed exports and high freight charges.
This surplus availability led to a narrowing gap between demand and supply, resulting in a decline in prices. Further, the conclusion of the peak fertilizer season in the United States and subdued demand from international markets, particularly Brazil, further contributed to the downward pressure on prices. Another factor influencing prices was the bottleneck in the Panama Canal, which caused delays in shipments and accumulation of inventories within the country. However, despite these challenges, the demand for Ammonium Chloride remained firm in the domestic fertilizer sector. Furthermore, some shipping companies are opting to bypass the Suez Canal due to concerns about potential rebel attacks, choosing alternative trade routes instead.
The limitations at the Panama Canal have compelled certain shippers to reroute exports, including Ammonium Chloride Prices , through the Suez Canal to access Asian markets. If the constraints at the Suez Canal persist, it may become increasingly challenging for the US to export Ammonium Chloride, potentially resulting in an oversupply and subsequent reduction in prices. As a consequence of delayed shipments to the international market, there has been an accumulation of Ammonium Chloride inventories within the country. The confluence of these factors has contributed to the stabilization of Ammonium Chloride prices.
APAC
The Ammonium Chloride market in the APAC region prevailed mixed sentiments. The prices declined by a significant margin in the first and last month of the quarter. This price dip was primarily attributed to the surplus availability of materials in the Chinese market. In October 2023, China’s National Development and Reform Commission (NDRC) continued to halt exports of fertilizers. This has led to stockpiled inventories of Ammonium Chloride within the Chinese market. Further, during this period demand from the domestic fertilizer market remained low, with seasonal factors affecting purchasing activity. Further, December attacks on Red Sea trade by Yemeni rebels raised concerns about the safety of maritime traffic in the region, leading to disruptions in Red Sea trade that are expected to substantially impact global Ammonium Chloride supplies. Shippers also imposed extra fees amid the trade disruption in the Red Sea, making European consumers hesitant to make bulk purchases. Consequently, there has been a notable increase in Ammonium Chloride inventories within the country. However, a surge of 12.2% was reported in November price of Ammonium Chloride particularly because during this period domestic consumers were stocking for winter crop Rapeseed.
Get Real Time Prices Of Ammonium Chloride Price:- https://www.chemanalyst.com/Pricing-data/ammonium-chloride-1482
Europe
The Ammonium Chloride market in Europe during the fourth quarter of 2023 witnessed several factors that led to the declining price of Ammonium Chloride in the market. Firstly, demand from the fertilizer industry remained subdued due to the completion of the peak planting season. Further, unfavorable weather conditions, including storm Ciaran and heavy rainfall, hindered the planting of winter crops, further dampening the demand for Ammonium Chloride. Furthermore, the availability of the product in the global market was high, contributing to a surplus and putting downward pressure on prices. As December approached there was a major disturbance in a crucial trade route. The recent attacks on Red Sea trade by Yemeni rebels raised concerns about the safety of maritime traffic in the region, leading to disruptions in Red Sea trade that are expected to substantially impact global Ammonium Chloride supplies. Shippers also imposed extra fees amid the trade disruption in the Red Sea, making Asian consumers hesitant to make bulk purchases. This has consequently led to a surge in inventories within the European market. The interplay of these factors prompted towards narrowed gap between demand and supply thus supporting the current price dip.
About Us:-
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.
The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
