SunSirs: Looking Forward to the Improvement of Ammonium Chloride Market in the Second Half of the Year
May 16 2023 09:30:27On May 15th, the benchmark price of ammonium chloride in SunSirs was 692.50 RMB/ton, a decrease of -19.94% compared to the beginning of this month (865.00 RMB/ton).
In the short term, it is difficult to see a significant improvement in the fundamentals of ammonium chloride: although a large factory in Jiangsu plans to shut down for maintenance, it has little impact on the high operating rate in China, and the pressure on the supply side of ammonium chloride is still significant in the short term; On the demand side, summer fertilizer has a high demand for high nitrogen fertilizer, which is difficult to provide good support for ammonium chloride; But with the significant decline in ammonium chloride prices and the significant release of risks, it is difficult for the fundamentals of ammonium chloride to deteriorate in the later stage.
Overall, the current ammonium chloride market is in a bottoming state, and it is expected that the ammonium chloride market will consolidate at a low level in the short term; In the medium term, it is necessary to pay attention to the maintenance status of the combined alkali plant, the amount of autumn fertilizer used in the second half of the year, and the export volume; If three parties make efforts, the market for ammonium chloride may improve in the second half of the year.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 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
