In the first quarter of 2023, Asia witnessed a drop in ammonium sulfide prices, driven by lower raw material expenses and decreased demand from the fertilizer industry. This decline persisted into the second quarter, attributed to weaknesses in downstream sectors and imbalances in supply and demand. Meanwhile, in Europe, declining natural gas prices and sluggish downstream industries led to a negative price trend. Unfavorable weather conditions also affected procurement rates. North America experienced a slowdown in ammonium sulfide price growth during Q1, influenced by reduced inquiries, increased imports, and disruptions in supply and demand. The fertilizer industry’s subdued demand further impacted market fundamentals, contributing to adverse conditions in ammonium sulfide prices throughout both quarters.
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Definition
Ammonium sulfide ((NH4)2S) is a chemical compound derived from the reaction of ammonium hydroxide and hydrogen sulfide. It exists as a colorless to yellowish solution with a distinct odor of hydrogen sulfide. Highly soluble in water, ammonium sulfide dissociates to release ammonium ions and sulfide ions. It is hygroscopic, absorbing moisture from the air, and exhibits basic properties. The compound is commonly utilized in various industrial applications, including the production of certain chemicals, as well as in analytical chemistry for its role in specific tests and reactions.
Key Details About the Ammonium sulfide 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 sulfide 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 sulfide Price trends, including India Ammonium sulfide price, USA Ammonium sulfide 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 sulfide Price Trend:
Ammonium sulfide ((NH4)2S) is valued across several industries for its distinctive characteristics. It serves as a sulfidizing agent in metallurgy, enabling surface alterations of metals in mineral processing. In the textile realm, it plays a pivotal role in expunging dyes and pigments from fabrics. In petrochemical processes, it aids in desulfurization, lessening sulfur content in hydrocarbons. Within the leather sector, it assists in the removal of hair during tanning procedures. Moreover, its use in analytical chemistry for qualitative analysis showcases its versatility and significance across diverse industrial sectors.
Key Players:
- ARKEMA
- Evonik Industries
- Sachtleben Chemie GmbH
- Hebei Xinji Chemical Group
- SAE Manufacturing Specialities Corp
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