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SunSirs: The Market Picks Up and Ammonium Sulfate Prices Rise Up

February 21 2020 10:06:56     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average domestic factory price of ammonium sulfate on February 13 was 563 RMB/ton, and the average factory price on February 19 was 566 RMB/ton, with the price rising 0.59%. On February 19, the ammonium sulfate commodity index was 47.42, unchanged from yesterday, down 55.38% from 106.28 (2012-05-24), the highest point in the cycle, and up 29.39% from 36.65, the lowest point on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

 

Analysis review   

Product: The market is picking up. This week, some enterprises made a small exploration. The main quotation of ammonium sulfate in Central China is about 450-650 RMB/ton, that in Henan is 420-650 RMB/ton, that in Hebei is 480-700 RMB/ton, that in East China is 450-650 yuan, that in North China is 420-650 RMB/ton, and that in Northeast China is 450-650 RMB/ton.

Industrial chain: The market price of downstream compound fertilizer enterprises has steadily increased. Due to the increase in the price of raw material monoammonium phosphate, the prices of some compound fertilizer companies have risen. Enterprises are mainly based on inventory, and enterprises resume work slowly. Due to the impact of logistics and transportation, the transaction volume was average. With the increase of fertilizer use in spring, the market will slowly rise. Now the procurement of ammonium sulfate is mainly just needed.

Industrial:

According to the price monitoring of SunSirs, on February 19, 2020, there were 10 kinds of commodities in the chemical sector that were up in the commodity price rise and fall list, among which there was one kind of commodity with an increase rate of more than 5%, accounting for 1.2% of the number of goods monitored in this sector. ; The top three commodities were ethanol (7.61%), propylene (2.51%), and calcium carbide (1.17%). There were 9 types of products that were down from the previous month. The top three products were methyl ethyl ketone (-2.66%), sulfuric acid (-2.08%), and hydrochloric acid (-1.39%). The average daily increase or decrease was 0.08%.

Market outlook

The Ammonium Sulfate Analyst of SunSirs believes that the price of coking ammonium sulfate has risen slightly, and caprolactam grade ammonium sulfate has been mainly sold at ports, and the price has remained stable. The ammonium sulfate market adjusted slightly, and the market began to pick up. Due to the logistics and transportation problems, there is limited space to rise. It is expected that the price of ammonium sulfate will fluctuate slightly in the later period.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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