Commodity name: Ammonium chloride

The latest price (October 21): 625.00 RMB/ton

Analysis points:

The ammonium chloride market was stable. According to the monitoring of SunSirs, the domestic price of dry ammonium chloride was 625.00 RMB/ton on the 21st, which was the same as the previous day's price. Manufacturers continued to operate at a high level, and ammonium chloride inventory was still under pressure. According to SunSirs, the overall operating rate of Hou Soda was above 70%; the overall demand was still weak. According to SunSirs, the overall industry operating rate of downstream compound fertilizer companies was less than 50%. The ex-factory price of ammonium chloride was basically stable. According to the monitoring of SunSirs, on October 21, 2020, the 600,000 tons/year ammonium chloride plant of China National Salt Kunshan was operating normally. The ex-factory price of dry ammonium was 610 RMB/ton and the ex-factory price of wet ammonium was 540 RMB/ton.

Market outlook

Although the demand is off-season, the supply of some equipment may be relieved in the later period. With the demand for reserves in the later period, it is expected that the ammonium chloride market may be stable and rise slightly in the short term.

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