Ammonium Chloride Prices, Trends & Forecasts | Provided by Procurement Resource
Throughout the initial half of 2023, the ammonium chloride market displayed varied trends in different regions. In Asia, despite surplus supplies and sluggish demand, sporadic offtakes from the agricultural sector countered the negative sentiment. Europe experienced fluctuating patterns due to reduced feedstock costs, energy prices, and limited trade. North America paralleled these trends, with declining prices linked to excess supplies, production challenges, and subdued market sentiments. These trends collectively painted a challenging global market landscape for ammonium chloride.
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Definition
Ammonium chloride, with the chemical formula NH₄Cl, is a white crystalline salt commonly used in various industrial, agricultural, and medical applications. It consists of ammonium ions (NH₄⁺) and chloride ions (Cl⁻) and is soluble in water. In industries, it serves as a nitrogen source in fertilizers and plays a role in the production of chemicals and pharmaceuticals. In medicine, it’s used as an expectorant to alleviate coughs. Its versatile properties make it valuable across different sectors, from agriculture to manufacturing.
Key Details About the Ammonium Chloride 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 Chloride 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 Chloride Price chart, including Ammonium Chloride price, Ammonium Chloride 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 Chloride Price Trend:
Ammonium chloride finds crucial application in multiple industries, directly influencing its price. In agriculture, it’s used in fertilizers to provide essential nitrogen to crops. The chemical industry employs it in various processes, including metal cleaning, galvanization, and production of textiles, dyes, and resins. Additionally, it serves as a flux in soldering and tinning.
Key Players:
- BASF SE
- Dallas Group of America
- Central Glass Co., Ltd.
- Shandong Everlast AC Chemical Co., Ltd.
- Tuticorin Alkali Chemicals & Fertilizers Ltd.
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