Core Viewpoint - The ammonium chloride market is currently experiencing a stable price performance supported by demand from pending orders, stable costs, and downstream needs, although there are factors that may limit further price increases [1][2] Group 1: Price Trends - Ammonium chloride prices have increased by 50 yuan per ton compared to previous periods, with current mainstream factory prices ranging from 390 to 450 yuan per ton, and wet ammonium prices between 270 and 310 yuan per ton, showing regional variations [2] - The market is currently characterized by a focus on executing pending orders, with low activity in new transactions, leading to a noticeable slowdown in price increases [2] Group 2: Demand Factors - The increase in demand for ammonium chloride is driven by higher operating rates of compound fertilizer companies as agricultural production ramps up, leading to significant short-term replenishment needs [1] - The release of winter storage fertilizer demand has also injected strong momentum into the ammonium chloride market, as downstream companies increase their purchasing efforts to meet winter agricultural production needs [1] Group 3: Supply Factors - Ammonium chloride production companies are operating at around 70% capacity, resulting in a relatively ample supply that constrains further price increases [2] - The overall cost increase in the fertilizer industry has pressured ammonium chloride producers, leading them to pass some costs onto the market, providing a bottom support for prices [1]