SunSirs: Ammonium Chloride Market Rose Slightly (June 1-10)
June 14 2022 14:04:05 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the ammonium chloride market continued to rise in the first ten days of June. As of June 10, the price was 1,590 RMB/ton, an increase of 4.09% from the price of 1,527 RMB/ton price at the beginning of the month.
Analysis review
At present, the overall operation of the domestic combined alkali industry is 80% to 90%, but on the one hand, the downstream compound fertilizer is in the production cycle of high nitrogen fertilizer, and manufacturers increase the purchase of ammonium chloride. On the other hand, there are routine maintenance by manufacturers in the later period, the supply side may be tightened in the later period, the ex-factory price of enterprises is high and firm, and the market offer is high.
Although the price of raw material liquid ammonia fell slightly, the price was still high, and the cost side continued to support. According to the monitoring of SunSirs, as of June 10, the domestic liquid ammonia price was 5,223 RMB/ton, down 1.26% from the price of 5,290 RMB/ton at the beginning of the month.
In June, the domestic urea market rose again, continuing to support ammonium chloride. According to the monitoring of SunSirs, as of June 10, the domestic price of urea was 3,246 RMB/ton, an increase of 1.41% from the price of 3,201 RMB/ton at the beginning of the month.
Market outlook
The ammonium chloride analyst of SunSirs believes that the supply side is expected to be tight, coupled with sufficient orders issued by enterprises and the high price of raw material liquid ammonia, it is expected that the ammonium chloride market will continue to remain high and strong in the later period.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 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
