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SunSirs: Ammonium Chloride Market Recovered and Prices Rose

December 13 2022 14:29:51     SunSirs (John)

Price trend

In the first ten days of December, the market price of ammonium chloride recovered and the price rose. According to the data monitoring of SunSirs, the market price of dry ammonium chloride for agricultural use in East China was 1,040 RMB/ton as of December 10. At the beginning of this month, the outgoing price of ammonium chloride in some soda enterprises was raised, and the merchant's offer was rising. As of October 10, the mainstream quotation of dry ammonium chloride for agriculture in East China was 990~1,100 RMB/ton.

Analysis review

The market of liquid ammonia rose in early December, and the cost of ammonium chloride rose. According to the monitoring of SunSirs, the price of liquid ammonia was 4,890 RMB/ton as of October, up 3.16% from the price of 4,740 RMB/ton at the beginning of the month. Since December, the cost side has given a strong impetus to the rise of liquid ammonia. LNG in the upstream of gas head ammonia enterprises has risen like a rainbow, with an increase of 76.78% since December. The quotation of ammonia enterprises in Southwest China generally rose  above 5,000 RMB/ton. Most downstream products were weak, and the high price of liquid ammonia brought pressure to the downstream. It also showed that this round of liquid ammonia rise deviated from the demand side, and the main driving force came from cost and supply.

Supply and demand: winter storage opened, and the agricultural fertilizer market warmed up. The operating rate of downstream compound fertilizer increased to about 40%. In addition to the recent high urea price, compound fertilizer enterprises increased their use of ammonium chloride under cost pressure. Although the start-up of the soda plant continued to maintain at a high level of more than 80%, the pending orders of ammonium chloride enterprises were sufficient, and most of them controlled the receipt of orders or did not receive orders in the short term, which promoted the price of ammonium chloride to rise.

Market outlook

According to the ammonium chloride analysts of SunSirs, as of December 9, the orders of ammonium chloride enterprises were sufficient, and the rising cost of raw material prices supported, so the market of ammonium chloride was expected to be strong in the short term.

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