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SunSirs: Ammonium Chloride Market Went Up (June 1-15)
June 18 2021 14:09:45SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the ammonium chloride market continued to rise since June (6.1-6.15). The price at the beginning of the month was 760 RMB/ton. As of June 15, the price was 810 RMB/ton, an overall increase of 6.58%.

Analysis review

Since June, the start of ammonium chloride enterprises fell below 70%, and the supply of ammonium chloride was tight. According to SunSirs, the operating rate of the combined soda unit of Henan Jinshan Chemical was 70%, the operating rate of the 600,000 tons/year of soda unit in Xuzhou Fengcheng Salinity Chemical Co., Ltd. decreased, and the operating rate of the 1.2 million tons/year soda unit of Hubei Yihua Shuanghuan was 90%. On the whole, the inventory of ammonium chloride manufacturers was low. Since June, the ex-factory prices of ammonium chloride companies were raised, ranging from 50 to 120 RMB/ton; In addition, some manufacturers do not offer quotations for the time being, and implement one order for one price negotiation.

On the demand side, after the peak season of summer fertilizer production in April and May, the current overall start of compound fertilizer declined and the purchase of raw materials decreased. However, because the current urea price is at a historically high level, the downstream procurement part is turned to ammonium chloride, which supports the price of ammonium chloride. According to the monitoring of SunSirs, as of June 15, the domestic price of urea was 2,700 RMB/ton, an increase of 12.36% from the price of 2,403 RMB/ton at the beginning of the month.

The price of raw liquid ammonia has been strong since June, and the cost side continues to support the price of ammonium chloride. According to the monitoring of SunSirs, as of June 15, the domestic liquid ammonia price was 4,366 RMB/ton, an increase of 2.73% from the price of 4,250 RMB/ton at the beginning of the month.

Market outlook

The ammonium chloride analyst of SunSirs believes that the current ammonium chloride inventory is low and the supply is tight, coupled with the current high prices of liquid ammonia and urea, it is expected that the price of ammonium chloride will remain high in the short term, but in the medium term, as the peak season for fertilizer demand ends, there will be a certain callback later.

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