Ammonium chloride is positive, and local quotations have room to rise
2023/7/31
After the sharp rise in the price of urea, it has driven the overall operating rhythm of the domestic chemical fertilizer market. Phosphorus and potassium fertilizers are about to move, some prices have tentatively risen, and compound fertilizers are passively under pressure. Ammonium chloride is also supported by the price increase of urea. Some ammonium chloride quotations have risen sharply for a while, and there are also signs of rising in other places. However, in view of the rapid rise and fall of urea in the early stage, ammonium chloride The overall pace of price adjustments is relatively cautious, maintaining a positive trend.
As for whether the "weird" market of urea can last for a long time, it is difficult to maintain it for a long time only from the rapid rise but not supported by domestic demand. On the one hand, from the perspective of supply, according to the statistics of Zhongfei.com, the total daily output of urea is about 168,000 tons, which is a slight increase compared with that before the price increase of urea. In early August, a new urea production capacity of a factory in Shandong will be put into operation. The urea enterprises that parked should also resume production, and the production enthusiasm of each factory is high under the high price; the price of liquid ammonia is also soaring, and the increase in many places this week is around 450-650 yuan/ton, and the factory is generally at 3,000 yuan/ton tons and above, whether the production center of gravity is inclined to urea or liquid ammonia has advantages. On the other hand, the export support of urea is strong, the international price is high, and India's sudden bidding has led to tight supply in the domestic spot market, especially under the background of low social inventory; but the performance of domestic agricultural demand is average. Replenishment orders are the main focus, and the industry just needs to purchase, but it must be considered that due to the long-term high-level operation of urea, there are panic purchases in some downstream; moreover, coal prices have risen, the cost of urea companies has increased, and the futures market has continued to rise. Then we have to face that if the futures market cools down in the later stage, the spot market will inevitably be affected by it, and there may be a risk of port urea backflow in the later stage. If various potential negative factors are released, that is when urea changes.
Supported by urea, ammonium chloride's price increase has increased confidence, and some markets have taken the lead in increasing the increase. For example, the mainstream ex-factory price of dry ammonium in East China has risen to 700 yuan/ton, compared with the receiving price of urea for compound fertilizer plants in Linyi, Shandong , ammonium chloride still occupies the advantage of low price. In addition, it depends on the changes in the supply and demand of ammonium chloride itself. On the one hand, according to the statistics of China Fertilizer.com, the overall industry operating rate of the current joint alkali enterprises is still slightly higher than 80%. On the other hand, the demand for ammonium chloride performed better. First, it was supported by urea, prompting some downstream compound fertilizer enterprises to purchase ammonium chloride instead of some urea. Second, the extrusion granular ammonium chloride enterprises started operations. The third is that the export performance of ammonium chloride is acceptable, which has slightly boosted the domestic market. Fourth, the market atmosphere for ammonium chloride is relatively high recently, and the confidence in the later stage is relatively sufficient. However, the long-term market is still negative. After all, urea has the risk of high prices falling, and the current demand for ammonium chloride is mainly rigid demand, and there are concerns about the successive release of new production capacity. On the whole, the positive news of ammonium chloride has dominated recently, and there is room for some quotations to rise, but don't rely too much on the atmosphere of speculation to influence the market.
JIN DUN CHEMICAL has built a special (meth) acrylic monomer manufacturing base in ZHEJIANG province. This makes sure the stable supply of HEMA, HPMA, HEA, HPA, GMA with high level quality. Our special acrylate monomers are widely used for thermosetting acrylic resins, crosslinkable emulsion polymers, acrylate anaerobic adhesive, two-component acrylate adhesive, solvent acrylate adhesive, emulsion acrylate adhesive, paper finishing agent and painting acrylic resins in adhesive.We have also developed the new and special (meth) acrylic monomers and derivatives. Such as the fluorinated acrylate monomers, It can be widely used in coating leveling agent, paints, inks, photosensitive resins, optical materials, fiber treatment, modifier for plastic or rubber field. We are aiming to be the top supplier in the field of special acrylate monomers, to share our rich experience with better quality products and professional service.
