Aluminium Nitrate prices fluctuated based on Aluminium Trichloride and Nitric Acid trends. The chemical’s role as a potent oxidizing agent in industries connected its market trends to consumption behaviors. Post-2022 China’s COVID-19 lockdown, slow recovery, compounded by the Russian invasion of Ukraine, led to disrupted global trade, reduced demand, oversupplied inventories, and unsatisfactory Aluminium Nitrate price trends into early 2023.
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Definition
Aluminium Nitrate is a chemical compound with the formula Al(NO3)3. It is a salt composed of aluminum and nitric acid. Typically encountered as a white, crystalline solid, it is soluble in water and known for its use in various industrial applications, including the production of catalysts and as a component in certain chemical processes.
Key Details About the Aluminium 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 Aluminium 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 Aluminium Nitrate Price Trends, including India Aluminium Nitrate price, USA Aluminium 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 Aluminium Nitrate Price Trend:
Aluminium Nitrate finds key industrial uses as a catalyst in the production of explosives, particularly in conjunction with ammonium perchlorate. It is also employed in the manufacturing of antiperspirants, corrosion inhibitors, and as a mordant in dyeing processes. Additionally, it serves as a crucial component in various chemical reactions within the pharmaceutical and metallurgical industries.
Key Players:
- Zinchem Pvt Ltd.
- Anupam Industries Ltd.
- Vedanta Aluminium Ltd.
- Salvi Chemical Industries Pvt Ltd.
- Raj Petro Specialities Pvt Ltd.
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