Ammonium Sulphate Prices, Market Analysis & Demand | ChemAnalyst

During the fourth quarter of 2023, the North American Ammonium Sulphate market encountered various hurdles that affected pricing dynamics. Initially, an oversupply of Ammonium Sulphate in the market was exacerbated by delayed exports and elevated freight charges. This surplus availability resulted in a narrower gap between demand and supply, consequently leading to price declines. Additionally, the conclusion of the peak fertilizer season in the United States and subdued demand from international markets, notably Brazil, added to the downward pressure on prices.

Another significant factor influencing prices was the bottleneck at the Panama Canal, causing shipment delays and inventory accumulation within the country. Despite these challenges, demand for Ammonium Sulphate remained robust in the domestic fertilizer sector. Moreover, certain shipping companies opted to bypass the Suez Canal due to concerns about potential rebel attacks, opting for alternative trade routes instead.

The constraints at the Panama Canal prompted some shippers to reroute exports, including Ammonium Sulphate, through the Suez Canal to access Asian markets. Should the limitations at the Suez Canal persist, exporting Ammonium Sulphate from the US may become increasingly difficult, potentially leading to oversupply and subsequent price reductions. Consequently, delayed shipments to the international market have resulted in an accumulation of Ammonium Sulphate inventories within the country. The combination of these factors has contributed to the stabilization of Ammonium Sulphate prices.

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Throughout the fourth quarter of 2023, the Ammonium Sulphate market in Europe experienced various factors contributing to a decline in prices. Initially, demand from the fertilizer industry remained subdued following the culmination of the peak planting season. Additionally, unfavorable weather conditions, such as storm Ciaran and heavy rainfall, impeded the planting of winter crops, further suppressing the demand for Ammonium Sulphate.

Moreover, the global market witnessed high availability of the product, resulting in a surplus and exerting downward pressure on prices. As December approached, a significant disturbance occurred in a critical trade route. Recent attacks on Red Sea trade routes by Yemeni rebels raised safety concerns regarding maritime traffic in the region, causing disruptions in Red Sea trade that are anticipated to significantly affect global Ammonium Sulphate supplies.

Amidst the trade disruption in the Red Sea, shippers imposed additional fees, leading Asian consumers to hesitate in making bulk purchases. Consequently, inventories within the European market surged. The interplay of these factors contributed to a narrowed gap between demand and supply, thus supporting the current price decline.

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