In the Asian market, the Ammonium Nitrite price index experienced a notable uptick in Q1, attributed to escalating energy expenses and heightened production costs associated with nitric acid and ammonia. However, during Q2, prices witnessed a significant decline amid diminishing demand, resulting in a pronounced supply-demand disparity that subdued market sentiment. Meanwhile, across Europe, the fluctuating prices of ammonia were somewhat offset by stability in nitric acid rates. Nevertheless, the volatile nature of the fertilizer sector had an adverse impact on the demand for Ammonium Nitrite. Furthermore, Q2 presented additional challenges as adverse weather conditions negatively affected the agricultural industry. In North America, sluggish demand persisted throughout Q1, exacerbated by escalating energy prices and disruptions in trade routes with neighboring Canada and Mexico. The surplus availability of products within the region further exerted downward pressure on prices.

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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) is utilized to a limited extent in industry due to its inherent instability, which presents safety challenges. Unlike ammonium nitrate, widely employed in explosives and fertilizers, ammonium nitrite finds its primary industrial application in serving as a nitrogen source for gas generators in airbags and certain blasting tasks. However, its usage is strictly regulated and closely monitored due to its susceptibility to heat, shock, and moisture. While its applications are confined, its capacity to release nitrogen gas upon decomposition holds niche significance in specific industrial settings, particularly where controlled gas generation is imperative, such as in automotive safety mechanisms.

Key Players:

• Eurochem Group AG
• OSTCHEM Holding
• Enaex SA
• Neochim PLC
• Incitec Pivot Limited
• URALCHEM Holding PLC

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