Calcium Nitrate prices in H1 2023 fluctuated, mostly leaning towards the lower end, with a stable first quarter and struggles in the second. The primary cause was diminished demand from agriculture, adversely affected by erratic weather patterns disrupting crop cycles globally. Farmers’ anticipated losses led to reduced planting, affecting the farming sector, and reducing the need for fertilizers, with existing inventories meeting limited requirements, resulting in diverse market sentiments.
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Definition
The Calcium Nitrate Price Trend indicates the fluctuating costs of Calcium Nitrate, a chemical compound denoted by the formula Ca(NO3)2. This colorless, crystalline substance serves as a vital source of calcium and nitrogen in fertilizers. Its solubility in water makes it a popular choice in agriculture, aiding in the provision of essential nutrients for plant growth and development. Calcium Nitrate Prices reflect the demand and supply dynamics, showcasing its significance as a nitrogen-rich fertilizer for diverse crops.
Key Details About the Calcium 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 Calcium 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 Nitrate Price chart, including India Calcium Nitrate price, USA Calcium 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 Nitrate Price Trend:
Calcium Nitrate is crucial in various industrial applications, primarily as a source of calcium and nitrogen. In agriculture, it serves as a potent fertilizer, supplying essential nutrients to promote plant growth. Additionally, it finds application in concrete technology such as an accelerant, in wastewater treatment for its desalination properties, and in the production of pyrotechnics.
Key Players:
- GFS Chemicals Inc.
- Haifa Group
- Nutrien Ltd.
- ProChem Inc.
- Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd.
- Eastman Chemical Company (Sterling Chemicals)
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