Ammonium Chloride Prices

Ammonium Chloride Prices December 2023

The ammonium chloride prices in the USA for Q4 2023 reached 315 USD/MT in December. The market saw a price drop due to oversupply, export delays, and high freight costs. The end of the fertilizer peak season and weak international demand compounded the issue. Disruptions at the Panama Canal and shifts in shipping routes further influenced domestic prices and inventory levels.

The price trend for ammonium chloride in China for Q4 2023 reached 90 USD/MT in December. The market faced price declines because of an oversupply from halted exports and low domestic demand. The inventory build-up was exacerbated by seasonal factors and geopolitical complications in the Red Sea, which affected trade routes and shipping costs, though there was a brief price surge in November.

The price trend for ammonium chloride in Europe for Q4 2023, reached 525 USD/MT in December. The market in the region experienced a price decrease due to weak fertilizer demand and unsuitable weather conditions. Global supply surpluses and issues in Red Sea trade routes further pressured prices. Increased inventories and shipping costs contributed to the market's overall price decline. 

Ammonium Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ammonium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ammonium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ammonium chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ammonium chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ammonium chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ammonium Chloride Market Analysis

The global ammonium chloride market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2 Billion, at a projected CAGR of 4.20% during 2023-2032.

• The rise in agricultural demand represents the key factor driving the global market, with the increasing need for fertilizers to enhance crop productivity amidst burgeoning population growth and expanding urbanization. This demand is further heightened by technological improvements in fertilizer production and farming techniques, which enhanced the efficiency of nutrient absorption by crops.
• In addition to this, strict environmental regulations and mandates aimed at reducing nitrogen runoff and pollution are contributing to increasing demand and sales of nitrogen fertilizers like ammonium chloride. Moreover, climate change-induced variability in weather patterns necessitates the use of fertilizers to mitigate adverse impacts on agricultural yields, thereby propelling the market forward.
• Concurrently, volatile crop prices and government subsidies on fertilizers also play pivotal roles in aiding in market expansion by influencing farmers' decisions regarding fertilizer application rates. Furthermore, global trade policies and tariffs on fertilizers impact international trade flows, thereby affecting the supply and prices of ammonium chloride.
• Furthermore, the widespread product utilization as a food additive, where it serves various functions such as flavoring agent, dough strengthener, and yeast food is acting as another significant growth-inducing factor. Ammonium chloride is deemed as Generally Recognized as Safe (GRAS) for human consumption as a food ingredient in accordance with the regulations set by the United States Food and Drug Administration (FDA). These regulatory approvals and safety assurances further ensure the widespread use of ammonium chloride in the food industry, thus creating a positive outlook for market expansion.
• Apart from this, the surging demand for processed and convenience foods, spurred by changing consumer lifestyles and preferences, is fueling the need for food additives like ammonium chloride. Moreover, as the global population continues to grow, there is a rising demand for food products, further impelling the consumption of ammonium chloride in the flourishing food industry.

Ammonium Chloride News

The report covers the latest developments, updates, and trends impacting the global ammonium chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ammonium chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ammonium chloride price trend.

Latest developments in the ammonium chloride industry:

• In January 2024, Southern Petrochemical Industries Corporation (SPIC) Ltd announced its plan to invest Rs 1,900 crore over two years for strategic group expansion. The company plans to establish a 150 Million Tonnes Per Annum (MTPA) Green Ammonia plant and expand its urea plant, with a fresh investment of Rs 970 crore. Greenstar Fertilizers, a subsidiary of SPIC, will also invest Rs 640 crore in a Water Soluble Fertilizer Mixing plant in Chennai, a 2500 MTPA Sulphuric Acid plant, and refurbishment of plants in Thoothukudi. Moreover, Tuticorin Alkali Chemicals and Fertilizers will establish a Soda Ash and Ammonium Chloride Plant in Thoothukudi at R290 crore.
• In March 2023, Yara Clean Ammonia and Enbridge Inc. signed a letter of intent to jointly invest between US$2.6 and US$2.9 billion to develop and construct a low-carbon blue ammonia production facility at the Enbridge Ingleside Energy Center (EIEC) near Corpus Christi, Texas. The facility, which includes autothermal reforming with carbon capture, is expected to supply low-carbon ammonia to meet growing global demand, with an expected capacity of 1.2-1.4 million tons per annum. Approximately 95% of the carbon dioxide generated from the production process is expected to be captured and transported to nearby permanent geologic storage.

Product Description

Ammonium chloride (NH4Cl) is a compound composed of ammonia (NH3) and hydrochloric acid (HCl). It is commonly known as sal ammoniac. This crystalline salt is highly soluble in water and forms white or colorless crystals with a characteristic salty taste.

Ammonium chloride finds widespread applications across the agriculture industry as a nitrogen fertilizer, providing essential nutrients for plant growth. Due to its ability to supply nitrogen in a readily available form, it is particularly valuable for crops that require quick nitrogen uptake, such as rice.

Along with this, ammonium chloride serves various purposes across the pharmaceutical industry, particularly in cough medicines and expectorants due to its ability to loosen and thin mucus. It also finds application in the manufacturing of dry cell batteries, as an electrolyte to facilitate the flow of electrons.

Ammonium chloride also serves as a flux in the production of metals, helping to remove impurities and improve the quality of the final product during soldering, galvanizing, and tinning processes. Concurrently, it is employed in various chemical reactions, as a buffering agent, and in textile printing processes.

Regional Coverage

The report provides a detailed analysis of the ammonium chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ammonium chloride price trend.  

Global Ammonium Chloride Price

The report offers a holistic view of the global ammonium chloride pricing trends in the form of ammonium chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into ammonium chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into ammonium chloride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ammonium chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ammonium Chloride Price

In Europe, the ammonium chloride market faced a downturn in Q4 2023 due to several factors. A subdued requirement from the fertilizer sector followed the end of the planting season, and adverse weather, including storms and excessive rainfall, further depressed demand. The global market’s high product availability led to a surplus, facilitating a declining movement of prices. Additionally, complications in Red Sea trade routes due to regional conflicts raised concerns about maritime safety and increased shipping costs. This situation led to higher inventories in Europe, amplifying the price decline as the market struggled to balance supply and demand.

This analysis can be extended to include detailed ammonium chloride price information for a comprehensive list of countries.

North America Ammonium Chloride Price

The market encountered multiple hurdles that influenced the pricing in the Q4 2023. An oversupply on account of export delays and high costs of freight resulted in a significant imbalance between supply and demand, thereby pushing prices down. The end of the peak fertilizer season and weak international demand, particularly from Brazil, added to the downward pressure. Additionally, congestion at the Panama Canal led to shipment delays and higher inventories domestically. To navigate these disruptions, a few shipping firms opted for alternative routes, like the Suez Canal, to reach Asian markets. Nonetheless, persistent issues at the Suez Canal could exacerbate oversupply and price drops.

Specific ammonium chloride historical data within the United States and Canada can also be provided.

Middle East and Africa Ammonium Chloride Price

The report explores the ammonium chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on ammonium chloride prices for countries can also be provided.

Asia Pacific Ammonium Chloride Price

The ammonium chloride market in the APAC region experienced fluctuating trends in Q4 2023. Early and late-quarter price declines were mainly due to excess inventory in China, as export restrictions and low domestic demand impacted the market. In October, China halted fertilizer exports, leading to surplus stockpiling. Seasonal demand was weak, and geopolitical tensions in the Red Sea disrupted trade routes, increasing shipping costs and affecting European purchases. Despite this, there was a major price increase in November as domestic consumers prepared for winter crops, particularly rapeseed, resulting in a temporary boost in prices.

This ammonium chloride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ammonium Chloride Price

The analysis of ammonium chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ammonium chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ammonium chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ammonium chloride price charts ensure our clients remain at the forefront of the industry.