The Ammonium Sulphate market has so an uptick on price throughout August 2024, driven by a confluence of factors including raw material shortages, labor constraints, and robust export demand, particularly in Europe and Asia.
Europe’s Ammonium Sulphate sector grapples with reduced production capacities, exacerbated by summer labor shortages and diminished raw material availability. Trade instability and export delays further compound the situation, leading to heightened import costs and severe supply chain disruptions. These pressures have contributed to a pronounced price escalation, straining the market considerably.
In Asia, the scenario presents a similar pattern, with China at the epicenter of rising prices. Strong domestic and international demand has spurred Chinese traders to actively secure substantial quantities of Ammonium Sulphate, particularly for industrial use in the northern provinces. The market reflects increased export inquiries, notably from Turkey, which has intensified the upward price trajectory. Conversely, Southeast Asian markets show a decline in activity as the seasonal buying period concludes, prompting a temporary market exit by several buyers.
Europe faces additional challenges, marked by logistical hurdles such as persistent port congestion and broader trade uncertainties. These factors have resulted in sharp price increases. Despite these challenges, European demand remains relatively muted due to the ongoing harvest season, which keeps consumer activity at a lower level.
ChemAnalyst forecasts that Ammonium Sulphate prices are likely to continue their upward trend in the coming months. Persistent raw material shortages, combined with a projected rebound in demand, suggest continued volatility for the market.
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