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SunSirs: The Market Improved and Ammonium Sulfate Rose Steadily (February 17-21 )

February 25 2020 13:39:18     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average domestic factory price of ammonium sulfate on February 17 was 563 RMB/ton, and the average factory price on February 24 was 566 RMB/ton, with the price rising 0.59%. The ammonium sulfate commodity index on February 24 was 47.42, which was the same as the previous day, and was 55.38% lower than the highest point of the cycle at 106.28 (2012-05-24) and 29.39% higher than the lowest point of June 23, 2014, 36.65. (Note: Period refers to 2011-09-01 to now).

 

Analysis review   

Product:

The ammonium sulfate market rose slightly this week. The mainstream ex-factory price of ammonium sulfate in central China is about 450-650 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Henan area is 420-650 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei area is 480-700 RMB/ton, and the prevailing factory price of ammonium sulfate in east China 450-650, the mainstream factory price of ammonium sulfate in North China is 420-650 RMB/ton, and the mainstream factory price of ammonium sulfate in Northeast China is 450-650 RMB/ton.

Industrial chain: 

The downstream compound fertilizer market recovered, the operating rate of enterprises significantly increased, and the market situation gradually recovered. Rising raw material prices have pushed up the price of compound fertilizers. Transportation improved slightly, and transportation capacity gradually recovered.

Industrial:

According to the price monitoring of SunSirs, in the week 07 of 2020 (2.17-2.21), the commodity price rise and fall of the commodity sector in the chemical sector increased by 26 types, among which there were 4 types of products that increased by more than 5%, accounting for the monitored products in this sector. The top three commodities were crude benzene (8.74%), propylene (8.45%), and ethanol (6.16%). There were a total of 19 types of goods that were down from the previous month. The top three products were hydrogen peroxide (-4.78%), acetic acid (-4.24%), and TDI (-4.05%). This week the average increase or decrease was 0.1%.

 

Market outlook

The Ammonium Sulfate Analyst of SunSirs believes that the current market for coking grade ammonium sulfate is gradually improving, the supply of capro-grade ammonium sulfate is in short supply, the start-up is low, and manufacturers are actively priceing. It is expected that coking grade ammonium sulfate will mainly increase slightly in the later period, and capro-grade ammonium sulfate will be mainly weakly finishing.

 

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

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