Market Overview – For the Quarter Ending March 2023
North America
In Q1 2023, the Ammonium Sulphate market fundamentals remain bearish under the influence of lacklustre demand and a bearish demand outlook. There was a sufficient supply of Ammonium Sulphate in the region to meet the requirements of end users. Compared with the local market, less trade was observed this quarter as a result of low buying ideas against low offer levels. As a result of cautious trading and uncertain market conditions, March-loading cargo is being offered at lower prices to attract buying interest from the suppliers. The slow purchases and declining demand for new stock also led regional producers to revise their Ammonium Sulphate prices. The demand for Ammonium Sulphate from downstream fertilizer and pharma also ended up on a weaker note in the wake of adequate product supply.
Asia Pacific
This quarter, the Ammonium Sulphate market remains affected by limited purchasing activities with the disruption in supply/demand equilibrium compared with the previous quarter. The bidding price of Ammonium Sulphate slumped in the region due to sufficient product availability. Shipments from China to the Southeast Asian region traded lower with no firmer bids and weak market fundamentals. As a result of stockpiling, suppliers remain unwilling to increase prices due to the low volume of transactions in the regional market. In terms of demand, the consumption of Ammonium Sulphate from the downstream fertilizers and pharma sector remains feeble with cautiously operating manufacturing units. This month, the Ammonium Sulphate market was running weakly, with weak cost support.
Europe
The European region has sufficient supplies of Ammonium Sulphate, and suppliers are purchased on a need-to basis. By negotiating the prices and providing discounts, producers attempted to clear their existing stocks. The demand for Ammonium Sulphate from the downstream textile and pharma industry remains feeble, with limited bids and offers. A combination of recession fears and an uncertain economy declined the market. In Germany, the price of Ammonium Sulphate during March 2023 declined to USD 466/ton FOB Hamburg. Ammonium Sulphate demand softened amid economic concerns and high energy costs that forced producers to cutbacks. Suppliers and traders remain skeptical about increasing the prices due to feeble product requirements, and retailers complain about limited buyer interest.
Source: Ammonium Sulphate (AS) Prices, Pricing News, Monitor | ChemAnalyst
