SunSirs: Ammonium Chloride Market Continued to Rise (May 9-15)
May 16 2022 14:28:12 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, in May (5.1-5.15), the ammonium chloride market continued to rise. As of May 15, the price is 1,490 RMB/ton, an increase of 3.11% from the 1,445 RMB/ton price at the beginning of the month.
Analysis review
At present, some large ammonium chloride plants in central China are operating at a slightly lower load, and the overall start-up of the domestic joint alkali industry has dropped slightly compared with the previous period, around 70% to 80%. In addition, the company has sufficient orders to be issued, and the market continues to be in a tight supply situation in the short term; the ex-factory price of ammonium is firm at a high level, and the market offer is at a high level.
Since May, the price of raw material liquid ammonia has risen, and the cost side once again has strong support. According to the monitoring of SunSirs, as of May 15, the domestic liquid ammonia price is 5,333 RMB/ton, an increase of 5.26% from the price of 5,066 RMB/ton at the beginning of the month.
In May, the domestic urea market rose again, continuing to support ammonium chloride. According to the monitoring of SunSirs, as of May 15, the domestic price of urea is 3,275 RMB/ton, an increase of 7.52% from the price of 3,046 RMB/ton at the beginning of the month.
Market outlook
The ammonium chloride analyst of SunSirs believes that the supply side is tight, coupled with the sufficient orders issued by the company and the high price of raw material liquid ammonia, it is expected that the ammonium chloride market will continue to be high and strong in the later period.
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- 2023-10-12 SunSirs: The Ammonium Chloride Market Was Weak and Downward
- 2023-08-01 SunSirs: The Ammonium Chloride Market Rebounded Slightly in July
- 2023-06-05 SunSirs: The Market of Ammonium Chloride Continued Weakness in May
- 2023-05-31 SunSirs: The Current Price of Liquid Ammonia is at a Low Level and Leading to a Drop in the Price of Ammonium Chloride
- 2023-05-30 SunSirs: There have been Almost no New Orders in the Ammonium Chloride Market Recently
