Price trend

According to the monitoring data of SunSirs, the market price of ammonium chloride in the first half of February (2.1-2.14) was stable and the transaction was light. The price of ammonium chloride was 512 RMB/ton.

Analysis review   

Ammonium chloride enterprise starts slightly reduces and inventory pressure slightly slows down

At the beginning of the month, due to the impact of the new crown epidemic, most of the traffic in most areas of the country was blocked. Most of the ammonium chloride enterprises mainly focused on early orders and peripheral shipments, and the overall goods went slowly, resulting in the gradual growth of the enterprise's ammonium chloride inventory. In the later period, with the gradual increase of the inventory pressure, some of the domestic ammonium chloride enterprises stopped for maintenance or reduced the load. It is understood that the current operating rate of the domestic ammonium chloride enterprises is around 50-60%.

The delivery of ammonium chloride is not ideal

On the one hand, the operation rate of downstream compound fertilizer is low at present, which is bad for ammonium chloride from the perspective of demand; on the other hand, although spring ploughing is gradually started, it has not changed significantly due to the current automobile transportation obstacles. Even with the gradual increase of spring ploughing demand, the delivery is still a problem, and the overall delivery is not ideal.

Market outlook

Analysts of ammonium chloride of SunSirs believe that the current market demand and supply of ammonium chloride are still difficult to recover in the short term, and it is expected that the market of ammonium chloride will continue to maintain a stable and light situation.

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