SunSirs: Ammonium Chloride Market Rose Slightly
January 10 2023 13:55:49 SunSirs (John)
Price trend
The market of ammonium chloride rose slightly this week (12.30-1.6). According to the data of SunSirs, the market price of dry ammonium chloride for agricultural use in East China was 1,157 RMB/ton as of January 6, up 1.09% from the price of 1,145 RMB/ton on last Friday. Ammonium chloride enterprises of soda enterprises had sufficient orders to be issued, the factory price was temporarily stable, and the inventory of some businesses was low. The offer continued to rise slightly. As of the 6th, the mainstream factory quotation of ammonium chloride for agriculture in East China was 1,100-1,150 RMB/ton; The mainstream quotation in the market was 1,100~1,250 RMB/ton.
Analysis review
The liquid ammonia market fell this week (12.30-1.6), and the cost of ammonium chloride fell slightly. According to the monitoring of SunSirs, as of January 6, the price of liquid ammonia was 4,606 RMB/ton, down 1.43% from the price of 4,673 RMB/ton last Friday.
The domestic urea price rose slightly this week (12.30-1.6), which continued to support ammonium chloride. According to the monitoring of SunSirs, as of January 6, the domestic urea price was 2,742 RMB/ton, up 1.63% from the price of 2,698 RMB/ton on last Friday.
Supply and demand: The demand for winter storage of fertilizer continues to support, the operating rate of downstream compound fertilizer has increased to 4.5%, and the urea price was still at a high level recently. Although the commencement of the soda plant dropped from 90% to around 80%, the pending orders of ammonium chloride enterprises were sufficient, driving the price of ammonium chloride to continue to rise slightly.
Market outlook
Ammonium chloride analysts from SunSirs believe that the market of ammonium chloride is expected to be strong in the short term due to sufficient orders from ammonium chloride enterprises and the support of downstream winter storage demand.
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- 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
