First Quarter of 2023 in North America Ammonium Chloride Prices

North America

The first quarter saw a continued decline in the Ammonium Chloride Prices in the US market as a result of the sharp drop in raw material costs, which also had a significant impact on the price of ammonium chloride in the US market. The statistics show that the price of feedstock natural gas decreased by about 15% throughout the last quarter, and this trend continued in the current quarter. The decrease in feedstock costs allowed manufacturers to offer discounts to entice offtakes from downstream niche consumers, which had an effect on pricing trends in significant importing nations like India and some European countries. The operating rate remained positive despite the fact that there was still a labor shortage in the US market.

APAC

The price trend for Ammonium Chloride pricing in the APAC region for the first quarter of 2023 was still dim due to a plentiful supply created by a lot of material entering India. The inventories were full, and the supplies were still enough to meet domestic demand. The Kharif season in India was supposed to see a significant increase in fertilizer use, but this didn't happen. The weak demand for Ammonium Chloride in the downstream fertilizer sector caused prices to end the quarter in the red. The Chinese market has suppressed trading fundamentals due to low product consumption and producers' refusal of offers. Logistics were also kept in good shape by the fact that freight rates continued to be on the low side and that there were enough containers available.

Europe

In Q1 2023, there were conflicting opinions on the pricing trend of European Ammonium Chloride prices since Natural Gas prices remained plummeted and production shifted to accommodate the volatility. Additionally, conflicting opinions on freight costs and the limited quantity of containers had left the supply chain in shambles. Given the abundance of spot cargoes accessible to dealers and end users, the gloomy emotion is the predominant attitude, albeit many players are still unwilling to disclose prices or price objectives. The first quarter's fluctuating demand was reflected in how the downstream fertilizer market reacted. Russia increased the import quotas for all nitrogen fertilizers in November, which helped to boost the domestic supply.

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