Price trend
Recently (9.28-10.11), the ammonium chloride market was weak and declining. According to the Commodity Market Analysis System of SunSirs, as of October 11th, the price of dry ammonium chloride for agricultural use in East China was 695 RMB/ton, a decrease of 6.40% from the 742 RMB/ton before the holiday. After the holiday, the price of raw material liquid ammonia significantly decreased, the price of nitrogen fertilizer urea weakened slightly, and the cost of ammonium chloride and alternative support weakened significantly. In addition, the low start of downstream composite fertilizer production had led to a decrease in demand for ammonium chloride, resulting in a weak and downward trend in the market price of ammonium chloride. As of October 11th, the mainstream factory price of dry ammonium chloride for agricultural use in China was between 650 to 740 RMB/ton.
Analysis review
Recently (9.28-10.11), the liquid ammonia market significantly declined, and the cost center of ammonium chloride had significantly declined. According to the Commodity Market Analysis System of SunSirs, as of October 11th, the price of liquid ammonia was 3,640 RMB/ton, a decrease of 9.00% from 4,000 RMB/ton before the holiday.
Recently (9.28-10.11), the spot price of domestic urea weakened, leading to weaker support for ammonium chloride. According to the Commodity Market Analysis System of SunSirs, as of October 11th, the domestic urea price was 2,523 RMB/ton, a decrease of 1.24% from 2,555 RMB/ton before the holiday.
Supply and demand side: The overall level of joint alkali production was high and supply of ammonium chloride was sufficient; The demand for autumn fertilizers was gradually ending, and the use of fertilizers and winter storage in Northeast China had not yet started. The overall demand for ammonium chloride was light, coupled with the negative impact of the fall in urea prices on ammonium chloride, traders lacked confidence in the future trend of ammonium chloride, and the market quotation for ammonium chloride was lower.
Market outlook
According to ammonium chloride analysts from SunSirs, recently, the prices of liquid ammonia and nitrogen fertilizer urea, which are raw materials for ammonium chloride, were weaker and had a negative impact on ammonium chloride; In addition, with sufficient supply, it is expected that ammonium chloride will be weakly consolidated in the later stage.
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