During the first half of 2023 in Asia, Calcium Ammonium Nitrate prices experienced a fluctuating trend. These shifts were primarily influenced by the costs of raw materials like limestone and Ammonium Nitrate, along with demands from downstream chemical and fertilizer sectors. Initially, there was a robust start in January due to resuming industrial activities in China post Covid-19 lockdown. This led to increasing prices in the first quarter, but excess supplies and stagnant demand in the second quarter caused a downward price trend.
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In Europe, ongoing consequences of the Russia-Ukraine conflict hampered the economy, resulting in persistently low Calcium Ammonium Nitrate prices due to inflated production costs, sluggish demand, and influx of inexpensive Asian imports. North America witnessed similar patterns to Europe, with abundant inventory, subdued demand, and low-priced imports impacting Calcium Ammonium Nitrate prices, leading to a sluggish market atmosphere.
Definition
Calcium Ammonium Nitrate (CAN) is a nitrogen-rich fertilizer composed of ammonium nitrate and calcium carbonate. It provides a balanced supply of nitrogen to plants, promoting healthy growth and yield. CAN is widely used in agriculture for its gradual nutrient release and effectiveness in various soil types.
Key Details About the Calcium Ammonium Nitrate 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 the Calcium Ammonium Nitrate 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 Calcium Ammonium Nitrate Price chart, including India Calcium Ammonium Nitrate price, USA Calcium Ammonium Nitrate 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 Calcium Ammonium Nitrate Price Trend:
Calcium Ammonium Nitrate (CAN) finds key industrial applications as a nitrogen-rich fertilizer in agriculture, enhancing crop growth and yield. Additionally, it serves as a component in explosives manufacturing due to its explosive properties. Its role in agriculture and its explosive nature make it essential in both farming and certain industrial sectors.
Key Players:
- Eurochem Agro
- Bunn Fertilizer
- Seidler Chemical Co
- Calamco
- Del Amo Chemical Co
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