Ammonium nitrite Price History and Forecast Analysis | Procurement Resource
During the first quarter, ammonium nitrite prices surged in the Asian market due to heightened energy expenses and increased production costs associated with nitric acid and ammonia. However, in the subsequent quarter, prices experienced a sharp decline as demand dwindled, creating a disparity between supply and demand that subdued market optimism. In Europe, fluctuations in ammonia prices were balanced out by nitric acid; nevertheless, the unstable fertilizer industry had a detrimental impact on the demand for ammonium nitrite. The second quarter posed additional challenges as severe weather conditions adversely affected the agricultural sector. In North America, sluggish demand in the initial quarter was compounded by escalating energy prices and disrupted trade routes with Canada and Mexico. Moreover, an oversupply of products in the region further contributed to the downward pressure on prices.
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Definition
Ammonium nitrite (NH4NO2) is a chemical compound with the properties of an inorganic salt. It exists as a white to yellowish crystalline solid that is sensitive to heat and shock. Ammonium nitrite is highly hygroscopic, meaning it readily absorbs moisture from the surrounding environment, leading to its decomposition over time. This compound is unstable and can be hazardous, as it may undergo spontaneous decomposition, releasing nitrogen gas and water. Due to its instability, ammonium nitrite is not commonly used in industrial applications and is primarily of interest in the context of its chemical reactivity and potential safety risks.
Key Details About the Ammonium nitrite 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 nitrite 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 nitrite Price analysis, including India Ammonium nitrite price, USA Ammonium nitrite 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 nitrite Price Trend:
The industrial utility of Ammonium Nitrite (NH4NO2) remains constrained owing to its inherent instability, prompting safety concerns. In contrast to Ammonium Nitrate widely utilized in explosives and as a fertilizer, Ammonium Nitrite finds limited application primarily in specific industrial domains. Its main use lies in serving as a nitrogen source within gas generators for airbags and in select blasting applications. Due to its vulnerability to heat, shock, and moisture, its utilization is strictly regulated and monitored. Although confined in its applications, Ammonium Nitrite’s capability to release nitrogen gas upon decomposition offers valuable niche functionality in particular industrial settings, notably where controlled gas generation, such as in automotive safety systems, is imperative.
Key Players:
- Eurochem Group AG
- OSTCHEM Holding
- Enaex SA
- Neochim PLC
- Incitec Pivot Limited
- URALCHEM Holding PLC
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