SunSirs: The Ammonium Chloride Market in East China has Significantly Declined
April 19 2023 10:57:16Latest price (4-17): 958 RMB/ton bearish in the future
Key points of analysis: On April 17th, the ammonium chloride market in East China significantly declined, falling 6.92% compared to the previous trading day. The spring fertilizer peak season has ended, and new orders from ammonium chloride enterprises are light and inventory is accumulating; In addition, the industry's operating rate is around 90% high, increasing supply pressure; The raw material liquid ammonia has decreased by 24.74% since mid March, and the cost of ammonium chloride has significantly decreased; The factory price of ammonium chloride has been significantly reduced, and some manufacturers are temporarily not offering prices to the outside world; The offer of merchants fell sharply, the market price of ammonium chloride dry ammonium was inverted, and the focus of market negotiation was low.
Future Market Forecast: Overall, both the cost and supply side have shown a bearish performance, and it is expected that ammonium chloride will continue to be weak in the future.
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