SunSirs: Raw Material Prices Rose, and Ammonium Chloride Prices Were Firm
June 03 2021 14:19:20 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the ammonium chloride market was at a high level in May. The price at the beginning of the month was around 735 RMB/ton, and the price at the end of the month was around 747 RMB/ton, an overall increase of 1.70%.
Analysis review
In May, the overall operating rate of ammonium chloride enterprises was around 75%, the supply of ammonium chloride was stable, and some manufacturers had sufficient orders, and the manufacturers had no pressure on shipments; the overall operating rate of downstream compound fertilizers in May was around 40% to 50%, which had a certain amount of support for ammonium chloride. According to SunSirs, as of May 31, 2021, Huai’an Bolian Trading’s agricultural ammonium chloride premium products had stable prices. The price of dry ammonium chloride was 770 RMB/ton and the price of wet ammonium chloride was 690 RMB/ton; Henan Jinshan's agricultural dry ammonium chloride was 690 yuan per ton, and wet ammonium chloride was 610 yuan per ton.
The raw material liquid ammonia rose sharply, and the price of the urea market rose again in late May due to the news of India's urea bidding, which formed strong support for ammonium chloride. According to the monitoring of SunSirs, as of May 31, the domestic liquid ammonia price was 4,173 RMB/ton, which was an overall increase of 7.28% from the beginning of the month price of 3,890 RMB/ton; as of May 31, the domestic price of urea was 2,386 RMB/ton, an overall increase of 9.98% from the price of 2,170 RMB/ton at the beginning of the month.
Market outlook
The ammonium chloride analyst of SunSirs believes that the current cost of ammonium chloride is relatively strong. Although the start of Hou's operation is not low, there is still a certain rigid support for downstream demand. It is expected that ammonium chloride will remain strong in the short term.
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
