SunSirs: The Current Price of Liquid Ammonia is at a Low Level and Leading to a Drop in the Price of Ammonium Chloride
May 31 2023 10:15:40The latest price of ammonium chloride (May 29): 627 RMB / ton
Analysis points: The price on May 29 was 5.28% higher than that of ammonium chloride on the previous trading day. The price of raw material liquid ammonia has dropped sharply, and the cost support of ammonium chloride has weakened sharply; recently, some manufacturers in Jiangsu and other places in China have shut down for maintenance, and the start-up of the combined alkali unit has dropped to around 80% compared with the previous period, but the pressure on the supply side of ammonium chloride is still relatively high; The demand for ammonium chloride from downstream compound fertilizer and extrusion granule enterprises is weak. Market conditions are weak. In addition, the price of urea fell again, which also affected the negative side of ammonium chloride. The ex-factory price of ammonium chloride enterprises has been gradually reduced. As of May 29, the ex-factory price of dry ammonium chloride for agricultural use in East China is between 600 and 650 RMB/ton.
Market outlook forecast: On the whole, the price of liquid ammonia is low, the pressure on the supply side continues, and the downstream demand side is weak. It is expected that the ammonium chloride market will be weak in the later stage.
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