Ammonium Nitrate Prices In USA
- United States: $375 /MT
During the second quarter of 2024, the ammonium nitrate prices in the United States reached 375 USD/MT in June.
The latest IMARC Group report, "Ammonium Nitrate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," presents a detailed analysis of Ammonium Nitrate prices , offering key insights into global market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market. The analysis delves into the factors driving these trend, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
For strategic planning, the report provides price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trend, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.
Ammonium Nitrate Prices Analysis
- China: $446 /MT
Report Offering:
- Monthly Updates - Annual Subscription
- Quarterly Updates - Annual Subscription
- Biannually Updates - Annual Subscription
The study delves into the factors affecting ammonium nitrate 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-nitrate-pricing-report/requestsample
Ammonium Nitrate Price Trend- Q2 2024
The rising population and global food demand are necessitating the utilization of ammonium nitrate as a high-nitrogen fertilizer for enhancing crop yields. This represents one of the key factors positively influencing the market. Additionally, the increasing usage of ammonium nitrate as an explosive in the mining sector is impelling the market growth. Mining companies rely on ammonium nitrate for its cost-effective blasting capabilities, making it indispensable for mineral extraction. Apart from this, the increasing number of developmental activities in both emerging and developed economies are catalyzing the demand for ammonium nitrate, as it supports excavation, quarrying, and other construction-related processes. Moreover, stringent regulations and safety standards for handling, transportation, and storage are promoting innovation towards safer and more sustainable alternatives, thereby bolstering the market growth.
Ammonium Nitrate Industry Analysis
In Q2 2024, European ammonium nitrate prices showed fluctuations due to varying agricultural demand and supply dynamics. The first half of the quarter saw a price drop, driven by low demand from the agricultural sector and an oversupply resulting from unfavorable weather patterns, including floods and storms in regions like Austria, France, Italy, and the Netherlands. As agricultural activities slowed, so did the demand for fertilizers. However, towards the end of the quarter, prices rebounded slightly due to a modest recovery in demand and a temporary reduction in Chinese exports, which reduced global competition.
In North America, ammonium nitrate prices steadily declined throughout Q2 2024, influenced by reduced agricultural demand and lower costs of raw materials. Extreme heatwaves disrupted planting in key agricultural areas, curtailing fertilizer needs and reducing market demand. Additional disruptions, such as force majeure CF Industries in Mississippi and a temporary shutdown of LSB Industries in Arkansas due to storms, affected supply chains but did not sustain enough pressure to stabilize prices. Abundant supply, paired with weak demand, resulted in an overall bearish trend that persisted from the previous quarter, maintaining a downward momentum in pricing.
In Asia Pacific, ammonium nitrate prices declined significantly during Q2 2024 due to an oversupply and stable yet subdued demand. China’s large supply volumes and lack of fresh international orders placed additional downward pressure on prices. Even with seasonal planting activities underway, demand remained modest, insufficient to counterbalance the surplus of ammonium nitrate in the market. As the quarter progressed, expectations of further price reductions kept the market outlook bearish, with oversupply issues and lackluster demand driving prices consistently lower across the region.
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.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
