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SunSirs: Agricultural Demand Boosted Ammonium Sulfate Market (March 2-6)

March 09 2020 13:33:32     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average domestic factory price of ammonium sulfate on March 2 was 563 RMB/ton, and the average factory price on March 6 was 573 RMB/ton. The price rose 1.79% during the week. As of now, the ammonium sulfate commodity index on March 8 was 47.98, which was the same as yesterday. It was 54.86% lower than the highest point of the cycle at 106.28 (2012-05-24) and increased 30.91% from the lowest point of June 23, 2014 at 36.65. (Note: Period refers to 2011-09-01 to now)

 

Analysis review   

Product: With the advancement of agricultural demand, the market for ammonium sulfate is improving. The mainstream ex-factory price of ammonium sulfate in central China is about 450-680 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Henan area is 420-680 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei area is 480-730 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in east China 450-680 RMB/ton, the mainstream factory price of ammonium sulfate in North China is 420-670 RMB/ton, and the mainstream factory price of ammonium sulfate in Northeast China is 450-670 RMB/ton.

Industrial chain: Now is the peak season of fertilizer for spring plowing, and the price of raw materials has increased. The operating rate of downstream compound fertilizer enterprises has increased, the trading atmosphere is good, the enthusiasm for procurement is high, and the market price of compound fertilizer has risen. With the exception of Hubei, logistics and transportation improved, and delivery was smooth. Both upstream and downstream support was favorable, and the ammonium sulfate market is developing well.

Industry: According to the price monitoring of SunSirs, in the 09th week of 2020 (3.2-3.6), there were 23 kinds of commodities in the chemical sector that rose in the commodity price rise and fall list, of which 2 kinds of goods increased by more than 5%, accounting for 2.3% of the number of goods monitored in this sector ; The top three commodities that increased were sulfur (8.38%), sulfuric acid (7.78%), and propylene (4.36%). There were a total of 30 commodities with a decrease from the previous month, and a total of one commodity with a decline of more than 5%, accounting for 1.1% of the number of commodities monitored in this sector. The top three products were epichlorohydrin (-6.28%), mixed xylene (-4.46%), ethanol (-4.39%). The average monthly increase or decrease was -0.35%.

 

Market outlook

Analyst of Ammonium Sulfate of SunSirs believes that the current demand for agriculture has increased and the market of ammonium sulfate has recovered. Coking grade ammonium sulfate rose slightly and oscillated. Caprolactam grade ammonium sulfate was adjusted within the range, and domestic demand increased. It is expected that the ammonium sulfate market will rise steadily in the short term.

 

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