Ammonium chloride: up, unstoppable
June 12, 2024, 9:21 AM
Jinlianchuang
1765
Ammonium chloride prices rise as supply tightens and demand increases. The market outlook remains strong with continued upward trends.
Recently, for the fertilizer industry, the word "rising" is amazing. Nitrogen, phosphorus and potassium have risen in an all-round way, and prices have continuously made breakthroughs, and the ammonium chloridemarket has always been in an upward channel.
The raw material liquid ammonia market will continue to make up, and the delivery will be smooth. After the low price has been successfully lowered, there is huge room for make-up growth. Some areas with tight volumes will continue to soar, which will bring strong support to the ammonium chloride market. The urea market has risen across the board, and prices have continued to hit new highs in 2022. In the case of a tight balance between supply and demand, exports have diverted some sources of goods, exacerbating the tight supply situation. Under the influence of the mentality of buying up and not buying down, some downstream business reports are positive, and under the support of low corporate inventories and waiting to be released, the market has a strong atmosphere of upward adjustment. In the short term, the urea market may continue to rise.
From the perspective of the downstream market, the operating rate of the compound fertilizer market is not high, and the purchase of ammonium chloride is relatively high under the pressure of high-priced urea. Ammonium chloride enterprises have abundant orders to be issued, and spot resources are tight. Manufacturers control or suspend orders. The operating rate of some enterprises' installations has dropped compared with the previous period, which has made the market with tight supply even worse, driving the market price of ammonium chloride to continue to rise. At present, the mainstream quotation of dry ammonium in the market is 1450-1600 yuan/ton, some high prices are reported to 1650 yuan/ton, and wet ammonium is 1350-1450 yuan/ton. There are regional differences in the market.
In terms of market mentality, the price of urea is high, and the advantages of ammonium chloride are prominent. Under the circumstance of local spot shortage, the trading continues to heat up, and the spot on the market is hard to find, and the orders are mostly lined up until June. On the other hand, repeated local epidemics in China have affected the progress of cargo transportation, and the supply in some areas has been significantly reduced, resulting in limited shipments in many places and rising prices.
On the whole, ammonium chloride is superimposed by favorable factors such as tight supply, increased demand and high urea price, and the transaction atmosphere is hot. There are still installations scheduled to enter the maintenance period in May, and the operating rate of the combined alkali installation is still on a downward trend. Under the tight situation, the market price will be supported. Therefore, it is expected that the short-term ammonium chloride market will continue to run at a high level and maintain a good development trend.
The raw material liquid ammonia market will continue to make up, and the delivery will be smooth. After the low price has been successfully lowered, there is huge room for make-up growth. Some areas with tight volumes will continue to soar, which will bring strong support to the ammonium chloride market. The urea market has risen across the board, and prices have continued to hit new highs in 2022. In the case of a tight balance between supply and demand, exports have diverted some sources of goods, exacerbating the tight supply situation. Under the influence of the mentality of buying up and not buying down, some downstream business reports are positive, and under the support of low corporate inventories and waiting to be released, the market has a strong atmosphere of upward adjustment. In the short term, the urea market may continue to rise.
From the perspective of the downstream market, the operating rate of the compound fertilizer market is not high, and the purchase of ammonium chloride is relatively high under the pressure of high-priced urea. Ammonium chloride enterprises have abundant orders to be issued, and spot resources are tight. Manufacturers control or suspend orders. The operating rate of some enterprises' installations has dropped compared with the previous period, which has made the market with tight supply even worse, driving the market price of ammonium chloride to continue to rise. At present, the mainstream quotation of dry ammonium in the market is 1450-1600 yuan/ton, some high prices are reported to 1650 yuan/ton, and wet ammonium is 1350-1450 yuan/ton. There are regional differences in the market.
In terms of market mentality, the price of urea is high, and the advantages of ammonium chloride are prominent. Under the circumstance of local spot shortage, the trading continues to heat up, and the spot on the market is hard to find, and the orders are mostly lined up until June. On the other hand, repeated local epidemics in China have affected the progress of cargo transportation, and the supply in some areas has been significantly reduced, resulting in limited shipments in many places and rising prices.
On the whole, ammonium chloride is superimposed by favorable factors such as tight supply, increased demand and high urea price, and the transaction atmosphere is hot. There are still installations scheduled to enter the maintenance period in May, and the operating rate of the combined alkali installation is still on a downward trend. Under the tight situation, the market price will be supported. Therefore, it is expected that the short-term ammonium chloride market will continue to run at a high level and maintain a good development trend.
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June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM