The price of soda ash has been soaring.
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Now the price of ammonium chloride has dropped sharply, making it difficult for companies that produce caustic soda from ammonia; on the other hand, those that produce caustic soda from ammonia are starting to make profits. Dry ammonium has reached 500 yuan.
Is it related to the autumn harvest and planting?
The fertilization cycle for ammonium chloride is three years; after that, another type of fertilizer must be used, otherwise the soil will become compacted. Also, India used to import ammonium chloride from China some time ago, but it no longer does so now.
Currently, there is a significant element of overpricing in the price of soda ash, and actual transaction prices have indeed risen quite a bit. Has the price of ammonium chloride decreased? Isn’t it quite stable?
The price of soda ash is around 1,200, up by about 200 compared to last month; the price of ammonium chloride is around 500, while production of double salt remains roughly unchanged.
Urea prices have dropped significantly, and ammonium chloride has followed suit. Additionally, the subsidy amounts for binary fertilizers in India have decreased substantially, along with the depreciation of the rupee, which has had an impact on both import volumes and prices. The caustic soda plant probably doesn’t make any profit these days
The price of soda ash has indeed risen, but it’s unclear how long this will last.