SunSirs: The Ammonium Chloride Market Was at a High Stalemate This Week (October 11-15)

　　Price trend

　　According to the data monitoring of SunSirs, this week (10.11-10.15) the ammonium chloride market was at a high stalemate, and the price remained at around 1,135 RMB/ton.

　　Analysis review

　　The demand side was weak, and it was slightly bearish for ammonium chloride. On the one hand, ammonium chloride enterprises started at around 60%, and the supply of ammonium chloride was not under pressure; on the other hand, the demand for ammonium chloride was not good, and the overall start-up of downstream compound fertilizer was at a low level of around 30%.

　　The price of raw material urea was at a high level, and the cost had support for the price of ammonium chloride. According to the monitoring of SunSirs, as of October 15, the domestic liquid ammonia price was 5,225 RMB/ton, an increase of 4.50% after the holiday; as of October 15, the domestic urea price was 3,058 RMB/ton, an increase of 1.94% after the holiday.

　　Market outlook

　　The ammonium chloride analyst of SunSirs believes that on the one hand, the demand is weak, and on the other hand, the cost and urea prices have supports for the price of ammonium chloride. It is expected that the price of ammonium chloride will remain high in the short term.