According to the data monitoring of the business agency, the market situation of ammonium chloride rose in March. The price was around 1257 yuan / ton at the beginning of the month and 1370 yuan / ton at the end of the month, up 8.95% in March.

 
On the one hand, the central rural work conference held at the end of 2021 emphasized the great significance of ensuring the stable supply of primary agricultural products from the perspective of the urgency of coping with risks and challenges and the national food security strategy.

On the other hand, the teleconference on promoting the expansion of soybean oil production was held in Beijing on March 18. Hu Chunhua, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the meeting and delivered a speech.

Affected by the two policies, since the beginning of spring in 2022, spring farming has been carried out gradually and widely, the amount of fertilizer used has increased greatly, and the operation of compound fertilizer enterprises has been increased to about 50%, forming support for ammonium chloride. Domestic ammonium chloride enterprises started 70-80% of their units, with sufficient orders to be issued and tight supply, and the ex factory price of enterprises increased; Traders rose.

In March, the price of raw liquid ammonia rose sharply, with strong cost support. According to the monitoring of business agency, as of March 30, the price of domestic liquid ammonia was 4953 yuan / ton, up 10.40% from 4486 yuan / ton at the beginning of the month.

The price of urea also rose sharply in March, with strong support for ammonium chloride. As of March 30, the domestic urea price was 2980 yuan / ton, up 11.44% from 2674 yuan / ton at the beginning of the month

With the sharp expansion of spring ploughing and the increase of market demand, the commencement of compound fertilizer industry rose to more than 50% in March, and the demand formed a strong support in the face of ammonium chloride.

Future forecast: the ammonium chloride analyst of business society believes that the support of ammonium chloride cost and demand will continue at present, and it is expected that the ammonium chloride market will be strong in the later stage.