In the first half of October, the market of ammonium chloride fell slightly. According to the data of SunSirs, the price was 990 RMB/ton as of October 18, down 2.22% from the price of 1,012 RMB/ton at the beginning of the month.
Analysis review
After the festival, the ex factory price of ammonium chloride was basically stable, and the mainstream ex factory price of domestic agricultural ammonium chloride was 800~970 RMB/ton; Most of the shipments of ammonium chloride enterprises were based on early orders, and the increase of new orders was not obvious. The pressure on the inventory of ammonium chloride was still there. The offer of merchants rose slightly. The mainstream market of agricultural ammonium chloride was 900~1,050 RMB/ton.
After the festival, the market of liquid ammonia fell slightly, and the cost side hade certain negative impact on ammonium chloride. According to the monitoring of SunSirs, the price of liquid ammonia was 4,180 RMB/ton as of the 18th, down 4.42% from the price of 4,373 RMB/ton at the beginning of the month.
After the festival, the domestic urea price fell slightly, which still supported ammonium chloride but was weak. According to the monitoring of SunSirs, as of October 18, the domestic urea price was 2,526 RMB/ton, down 1.14% from the price of 2,555 RMB/ton at the beginning of the month.
Both the supply and demand sides were weak: the start-up of the combined soda plant was around 75%, and will rise again to around 80% in the later period. The supply of ammonium chloride will remain loose in the near future. In addition, the export volume of ammonium chloride was too small, which also led to greater inventory pressure. In addition, the demand side continues to be weak, and the commencement of downstream compound fertilizer is around 30% to 40%. The support of supply and demand for ammonium chloride is weak.
Market outlook
According to the ammonium chloride analysts of SunSirs, the supply of ammonium chloride is still loose and the demand support is weak. In addition, the price of raw materials is low, and only the urea that remains at a high price shock has a slight support. It is expected that the market situation of ammonium chloride will be weaker in the future.
