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Ammonium chloride News
SunSirs: There Were Sufficient Orders to Be Issued, and the Market of Ammonium Chloride Was Strong Before the Holiday
January 16 2023 09:39:48SunSirs(John)

Price trend

This week (1.6-1.12), the market price of ammonium chloride was strong. According to the data monitoring of SunSirs, as of January 12, the market price of dry ammonium chloride for agricultural use in East China was 1,157 RMB/ton, which was flat compared with the previous period. The ammonium chloride enterprise of the joint alkali enterprise had sufficient orders to be issued, the ex-factory price was temporarily stable, the merchant inventory was low, and the offer was mainly stable. As of December 12, the mainstream ex-factory price of dry ammonium chloride for agricultural use in East China was 1,100-1,250 RMB/ton; The mainstream market quotation was 1,150~,1250 RMB/ton.

Analysis review

This week (1.6-1.12), the liquid ammonia market fell and the cost of ammonium chloride fell. According to the monitoring of SunSirs, the price of liquid ammonia was 4,190 RMB/ton as of the 12th, down 9.04% from the price of 4,606 RMB/ton last Friday. The inventory pressure of manufacturers was obvious, and the delivery speed was slowing down. The demand for downstream urea was general, the pressure of supply and demand was increasing, and the liquid ammonia market will be weaker in the near future.

This week (1.6-1.12), the domestic urea price fluctuated in a narrow range, which still supported ammonium chloride. According to the monitoring of SunSirs, as of January 12, the domestic urea price was 2,744 RMB/ton, up 0.07% from the price of 2,742 RMB/ton last Friday, and the low point in the cycle was 2,732 RMB/ton.

Supply and demand side: near the Spring Festival holiday, the operation rate of downstream compound fertilizer dropped slightly to around 40%, and the operation rate of granular ammonium chloride enterprises also declined slightly. The new orders of ammonium chloride increased little, and the demand side support weakened compared with the previous period. As of the 12th, more than 80% of the combined caustic soda units had been started, and the pending orders of ammonium chloride enterprises had basically continued until the end of January. In addition, the high price of urea still supported the ammonium chloride, and the offers of ammonium chloride enterprises and businesses were mostly firm.

Market outlook

The ammonium chloride analyst of SunSirs believes that the order of ammonium chloride enterprises is sufficient at present, and supported by the high price of urea, the market of ammonium chloride is expected to be strong in the short term; However, in the later stage, on the one hand, the price of raw materials falls sharply, the cost support weakens, and the start of construction in the downstream near the Spring Festival falls, so the market of ammonium chloride in the later stage may have downward risks.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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