In October, the fundamentals of ammonium chloride market continued to be weak, and the price of ammonium chloride fell slightly. According to the data monitoring of the business community, the price of ammonium chloride was around 1012 yuan/ton at the beginning of October, and 980 yuan/ton at the end of the month, down 3.21%. In October, the ex factory price of ammonium chloride enterprises was basically stable, and the offer of merchants to increase shipment decreased slightly. By the end of October, the factory price of ammonium chloride dry ammonium was around 900~970 yuan/ton, and the market mainstream price was around 950~1000 yuan/ton.

Supply and demand: On the one hand, the commencement of downstream compound fertilizer in October continued at a low level of 3 to 4, and the winter storage has not yet started, so the demand for ammonium chloride continues to be weak. On the other hand, about 80% of the domestic soda ash was started, and the supply of ammonium chloride was sufficient; Ammonium chloride is mainly weak under the pressure of oversupply.

In October, the price of raw material liquid ammonia fell sharply, and the cost support was weak. According to the monitoring of the business community, as of October 30, the price of domestic liquid ammonia was 4113 yuan/ton, 5.95% lower than the price of 4373 yuan/ton at the beginning of the month. The amount of ammonia released in the main production area has only increased. Since the middle of October, Shandong, Hebei, Hubei, Hunan, Fujian and other places have seen large shipments. With the effect of manufacturers’ successive price reductions, more efforts have been made to ship. Moreover, due to the continuous weak fluctuation of urea price, many enterprises have switched to liquid ammonia production recently. The ammonia volume in the second half of the month remains high, and the price is suppressed by loose supply.

Future market forecast: Ammonium chloride analysts from the business community believe that in October, when the supply and demand of ammonium chloride were weak, the price of liquid ammonia was low, and the cost support of ammonium chloride was weak. It is expected that the price of ammonium chloride will continue to be weak in the later period.