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SunSirs: Ammonium Chloride Market Declined This Week (August 30-September 3)
September 06 2021 13:35:30SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the ammonium chloride market declined this week (8.30-9.3). As of September 3, the price was 1,082 RMB/ton, down 6.48% from the 1,157 RMB/ton at the beginning of the week.

Analysis review

Ammonium chloride enterprises continued to operate at a low load of less than 70%. The pressure on ammonium chloride supply was not great, but the new orders of ammonium chloride enterprises were small, and some enterprises slightly lowered the price of ammonium chloride. According to SunSirs, on September 3, 2021, the factory price of dry ammonium chloride for agricultural use in Henan Jinshan was 1,050 RMB/ton, and the factory price of wet ammonium chloride was 1,000 RMB/ton; Hubei Yihua Shuanghuan's 1.2 million tons/year of ammonium chloride plant started normally, and the ex-factory price of dry ammonium was 1,150 RMB/ton.

In terms of demand, the overall start of compound fertilizer has been stable since August, and the support for raw material procurement has been weak. The price of urea rebounded this week, which had a greater impact on the price of ammonium chloride. According to the monitoring of SunSirs, as of September 3, the price of urea in Shandong was 2,486 RMB/ton, an increase of 1.47% from the 2,450 RMB/ton at the beginning of the week.

The ex-factory price of raw liquid ammonia rebounded this week, which supported the price of ammonium chloride to a certain extent. According to the monitoring of SunSirs, as of September 3, the domestic liquid ammonia price was 4,100 RMB/ton, an increase of 6.49% from the 3,850 RMB/ton at the beginning of the week.

Market outlook

The ammonium chloride analyst of SunSirs believes that although the prices of liquid ammonia and urea rebounded this week, due to the large decline in the previous period, the impact of this week's rebound on ammonium chloride is not obvious; In addition, there are not many new orders for ammonium chloride companies, and it is expected that if the cost side does not continue to rebound sharply in the later period, ammonium chloride will continue to be weak.

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