Price trend

According to the data monitoring of SunSirs, the ammonium chloride market fell from a high level in the first ten days of July. As of July 10, the price was 1,540 RMB/ton, down 1.60% from the 1st.

Analysis review

On the one hand, affected by the maintenance of some large factories, the operating rate of domestic joint alkali is around 70%. On the other hand, in the middle and late July, as various manufacturers start to resume production, the operating rate of domestic joint alkali will increase to around 80%, which will put pressure on the subsequent supply side. At present, the demand side is affected by the off-season and wait-and-see sentiment, and the demand is weakening.

In the first ten days of July, the price of raw material liquid ammonia fell again, and the cost side weakened. According to the monitoring of SunSirs, as of July 10, the domestic liquid ammonia price was 4,206 RMB/ton, down 12.18% from 4,790 RMB/ton at the beginning of the month.

In the first ten days of July, the domestic urea market fell slightly, and the support for ammonium chloride weakened. According to the monitoring of SunSirs, as of July 10, the domestic price of urea was 2,868 RMB/ton, down 5.47% from 3,034 RMB/ton at the beginning of the month.

Market outlook

The ammonium chloride analyst of SunSirs believes that on the one hand, the cost side has weakened, and on the other hand, agricultural demand has entered the off-season, and market transactions have fallen. It is expected that the ammonium chloride market will continue to decline in the later period.

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