In the Asian market, ammonium nitrite prices in Q1 rose due to increasing energy costs and production expenses linked to nitric acid and ammonia. However, in Q2, prices dropped significantly as demand dwindled, creating a supply-demand gap that dampened market sentiment. In Europe, ammonia price fluctuations were counterbalanced by nitric acid, but the volatile fertilizer sector negatively impacted ammonium nitrite demand. Q2 saw further challenges as extreme weather adversely affected the agricultural sector. North America faced a sluggish demand in Q1, compounded by rising energy costs and disrupted trade routes with Canada and Mexico. Excess product availability in the region further pushed prices downward.
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Definition
Ammonium nitrite (NH4NO2) is a chemical compound with the properties of an inorganic salt. It exists as a white to yellowish crystalline solid that is sensitive to heat and shock. Ammonium nitrite is highly hygroscopic, meaning it readily absorbs moisture from the surrounding environment, leading to its decomposition over time. This compound is unstable and can be hazardous, as it may undergo spontaneous decomposition, releasing nitrogen gas and water. Due to its instability, ammonium nitrite is not commonly used in industrial applications and is primarily of interest in the context of its chemical reactivity and potential safety risks.
Key Details About the Ammonium nitrite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ammonium nitrite in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ammonium nitrite Price chart, including India Ammonium nitrite price, USA Ammonium nitrite price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ammonium nitrite Price Trend:
Ammonium nitrite (NH4NO2) has limited industrial use due to its inherent instability, which poses safety concerns. Unlike ammonium nitrate, which is widely used in explosives and as a fertilizer, ammonium nitrite’s primary industrial application lies in its potential as a nitrogen source in gas generators for airbags and in certain blasting applications. Its use is carefully controlled and monitored due to its sensitivity to heat, shock, and moisture. While ammonium nitrite’s applications are restricted, its ability to release nitrogen gas upon decomposition has niche utility in specific industrial contexts, primarily where controlled gas generation is required, such as in automotive safety systems.
Key Players:
- Eurochem Group AG
- OSTCHEM Holding
- Enaex SA
- Neochim PLC
- Incitec Pivot Limited
- URALCHEM Holding PLC
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