Ammonium Chloride Prices, Price, Pricing, Trend, News, Monitor

Chemanalyst28 Aug, 2023Business

Throughout the second quarter, the North American Ammonium Chloride market experienced persistent price weakness. The decline was predominantly driven by decreasing prices of feedstock Ammonia and upstream Natural Gas. The US Bureau of Labor and Statistics reported a 2.6% decrease in the Natural Gas Index for the month, marking the fourth consecutive decline in that index. The prevailing trend was further influenced by the global economic slowdown and rising inflation. Buyers hesitated to engage in bulk purchases amidst heightened inflation and increased interest rates, leading traders to adjust prices downward.