Industry News
Enterprises have no inventory pressure, but ammonium chloride prices continue to rise
Due to factors such as urea policy and maintenance of soda ash plant, the price of ammonium chloride continued to rise in the early part of this month. Downstream compound fertilizer enterprises have increased their procurement efforts, and ammonium chloride enterprises have a large number of orders, which were once arranged until the end of September, leaving no inventory pressure on the enterprises. In the middle and late stages, as ammonium chloride enterprises gradually pass the maintenance period, the market operating rate rebounds and supply increases. The manufacturer's orders have entered the final stage, coupled with a slowdown in downstream purchases of ammonium chloride, and the market's wait-and-see atmosphere has strengthened, gradually weakening the trend. Of course, as the National Day holiday approaches, the factory has not yet introduced a new pricing policy. In the market, many traders are reducing prices to attract orders, and the price difference with the factory's factory price is gradually expanding. Currently, the mainstream factory price of dry ammonium is 740-780 yuan/ton, and in some regions, the market transaction price has dropped below 700 yuan/ton.
The current operating rate of the combined alkali plant is around 85%, and some ammonium chloride enterprises have gradually released their new production capacity. Market supply is expected to increase, and enterprise inventory is expected to rebound. On the other hand, the recent market for soda ash has been improving, with significant price increases. The production enthusiasm of the combined soda ash unit has increased due to the influence of soda ash products. The supply of ammonium chloride market has been continuously increasing due to this impact, and there has been no interruption from manufacturers to reduce operating rates recently. In terms of downstream demand, autumn fertilizer has entered the final stage, while the winter storage market has not yet started, which limits the procurement of raw materials. Compound fertilizer manufacturers often follow up on demand, lacking favorable support for the ammonium chloride market. The connection between new and old orders is not smooth, and trading has gradually fallen into a stalemate, and the market is gradually loosening.
Overall, the short-term market for ammonium chloride is not optimistic. On the one hand, traders have slowed down their procurement speed in order to reduce operational risks, resulting in inverted market sales prices; On the other hand, terminal enterprises have poor enthusiasm for picking up goods and limited demand for ammonium chloride. The urea market, which they originally intended to rely on, is currently showing signs of weakness. There is a significant increase in bearish factors in the ammonium chloride market, and it is expected that the short-term market will continue to be weak. Enterprises with high inventory pressure have strong bidding awareness. It is recommended that operators operate cautiously and pay more attention to downstream demand and the operation of the combined alkali plant.
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