In Asia during Q1 2023, ammonium sulfide prices declined due to reduced raw material costs and lowered demand from the fertilizer sector. The second quarter saw a continued downturn, attributed to downstream sector weakness and supply-demand disparities. In Europe, falling natural gas costs and sluggish downstream industries led to a negative price trend. Unfavorable weather conditions affected procurement rates. North America faced a slowdown in ammonium sulfide price growth in Q1, influenced by reduced inquiries, increased imports, and supply-demand disruptions. The fertilizer industry's demand further impacted market fundamentals, contributing to adverse conditions in ammonium sulfide prices throughout Q1 and Q2.
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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 trend, 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) finds diverse industrial applications due to its unique properties. In metallurgy, it is used as a sulfidizing agent, facilitating surface modifications of metals during mineral processing. The compound plays a crucial role in the textile industry, aiding in the removal of dyes and pigments from fabrics. Ammonium sulfide is employed in the petrochemical sector for desulfurization processes, reducing sulfur content in hydrocarbons. In the leather industry, it assists in hair removal during tanning. Additionally, ammonium sulfide is utilized in analytical chemistry for qualitative analysis, demonstrating its versatility and importance across various industrial sectors.
Key Players:
- ARKEMA
- Evonik Industries
- Sachtleben Chemie GmbH
- Hebei Xinji Chemical Group
- SAE Manufacturing Specialities Corp
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