Agricultural ammonium chloride market significantly increased

Prior to the National Day, the domestic market for ammonium chloride in agriculture was relatively stable, but after the National Day holiday, the agricultural ammonium chloride market experienced a sharp increase in the market.

The current factory price, wet ammonium mostly 600 ~ 650 yuan (t price, the same below), dry ammonium mostly 700 ~ 780 yuan; market wholesale price, wet ammonium mostly 650 ~ 700 yuan, dry ammonium mostly 750 ~ 800 yuan. Compared with September, most of the ex-factory price or market wholesale price rose by 40 to 60 yuan, and the high price exceeded 80 yuan, which has reached a new high this year.

There are two main reasons for the large-scale compensatory growth of the agricultural ammonium chloride market. First, the overall fertilizer market has a strong trend. Since August, the fertilizer market has experienced a wave of price increases in the past two years. Among them, the growth of urea, a leading varietal, exceeded 300 yuan, and monoammonium phosphate rose by as much as 300 to 400 yuan in just one week. Fertilizer market has a linkage, in the case of the price of various varieties of turns, the ammonium chloride market began to make a strong compensatory increase.

The second is the strong demand for compound fertilizer companies. The vast majority of China's agricultural ammonium chloride is used to produce compound fertilizers. Before October, large- and medium-size compound fertilizer plants were mainly used for production. After entering October, a small number of small-scale compound fertilizer plants started production. On the one hand, they produce winter storage fertilizers, and they use spring fertilizers to store fertilizers for the next year. On the other hand, the amount of sown fertilizers used in autumn and winter is relatively large. South China rape, northern winter wheat, and economic crops such as fruit trees and medicinal materials all require compound fertilizers. It is second only to the peak season of using fertilizer for spring plowing. Due to the large number of small compound fertilizer companies, the demand for agricultural ammonium chloride has increased significantly after large-scale start-up production.

The market outlook suggests that the strong characteristics of the agricultural ammonium chloride market are expected to continue to a certain degree. There are many favorable factors in the near future and the market will continue to show a fiery situation.