Ammonium Sulphate Price In China
- China: 141 USD/MT
In September 2023, the price of ammonium sulphate in China rose to 141 USD/MT.
The latest report by IMARC Group, titled "Ammonium Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Ammonium Sulphate Prices. This report delves into the price of Ammonium Sulphate globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting ammonium sulphate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/ammonium-sulphate-pricing-report/requestsample
Ammonium Sulphate Price Trend- Q2 2024
The ammonium sulphate market experienced significant growth driven by robust demand from the agricultural sector, particularly due to favorable planting conditions and heightened seasonal fertilizer requirements. This demand is further propelled by rising prices of essential feedstocks, such as ammonia and sulphuric acid. In addition to this, the growing emphasis on sustainable agriculture and crop yield improvement strategies is supporting the market expansion. Furthermore, increased awareness of environmental impacts and a shift toward eco-friendly farming practices are also contributing to the increasing demand for ammonium sulphate. Besides this, the market is also benefitting from innovations in application methods and product formulations, such as controlled-release fertilizers, which optimize nutrient availability and minimize waste. Additionally, the rising global population and the consequent need for increased food production are further driving farmers to seek out efficient fertilizers like ammonium sulfate to boost crop yields
Ammonium Sulphate Industry Analysis
In the second quarter of 2024, ammonium sulphate pricing trends varied widely across different regions influenced by a complex interplay of local market dynamics and economic conditions. In North America, the quarter began with prices increasing due to strong agricultural demand, particularly from farmers eager to capitalize on favorable planting conditions and high crop yield expectations. However, by June, prices began to fall due to a combination of geomagnetic storms that disrupted supply chains and an oversupply of ammonium sulphate in the market. This led to cautious purchasing behavior among farmers, which prompted them to wait for potential further declines in prices, reflecting a shift in market sentiment.
Conversely, the Asia-Pacific region experienced a drop driven by easing freight charges and abundant supply, which overwhelmed demand. Export restrictions enforced by key suppliers constrained market activity and intensified downward pressure on prices. Nearing the end of the quarter, the market saw some downward pressure on prices due to weather anomalies and the agricultural demand remained a significant driving force for ammonium sulphate. On the other hand, the Europe market also faced pricing declines due to low demand caused by severe weather. Frequent windstorms and excessive rainfall led to waterlogged fields and delayed planting schedules, reducing the immediate necessity for fertilizers, including ammonium sulphate. This bearish sentiment was particularly pronounced in Germany, where the market saw significant year-over-year declines.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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