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SunSirs: Spring Ploughing Is Active & Price of Ammonium Sulfate Rises

March 12 2020 11:35:32     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average domestic factory price of ammonium sulfate on March 9 was 573 RMB/ton, and the average factory price on March 10 was 583 RMB/ton. The single-day price rose by 1.79%. As of now, the ammonium sulfate commodity index on March 10 was 48.81, an increase of 0.83 points from the previous day, and a decrease of 54.07% from the highest point of the cycle at 106.28 (2012-05-24), which was up 33.18% from the lowest point at 36.65 points on June 23, 2014. (Note: Period refers to 2011-09-01 to now)

 

Analysis review   

Product: At present, it is the peak spring fertilizer season, ammonium sulfate is trending well, and downstream procurement is active. 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 460-700 RMB/ton, and the prevailing factory price of ammonium sulfate in eastern China 450-680, 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: Due to the rising prices of compound fertilizer raw materials, the cost of downstream compound fertilizer enterprises continued to increase, and the prices quoted by the enterprises were firm. The purchase of compound fertilizers has also continued to increase, and the price of nitrogen fertilizers has increased. Buyers of coking ammonium sulfate actively asked for offers, and the industry was bullish.

Industry: According to the price monitoring of SunSirs, on March 10, 2020, the commodity sector in the commodity price rise and fall list has a total of 7 kinds of goods, including 2 kinds of goods that have increased by more than 5%, accounting for 2.3% of the number of goods monitored in this sector. ; The top three commodities were ammonium chloride (8.57%), sulfur (7.18%), and ammonium sulfate (1.74%). There were a total of 24 kinds of goods that fell month-on-month, and a total of 3 kinds of goods that fell by more than 5%, accounting for 3.4% of the number of monitored products in this sector; the top 3 products were PX (-11.29%), ethylene glycol (-7.52 %), Pure benzene (-6.99%). The average daily rate of change was -0.48%.

 

Market outlook

Ammonium sulfate analysts of SunSirs believe that the current downstream ammonium sulfate demand is better, the ammonium sulfate market is smooth. The price trend of coking grade ammonium sulfate rose, the market for caprolactam grade ammonium sulfate gradually improved, and the price fluctuated slightly. It is expected that the price of ammonium sulfate will increase slightly in the short term and gradually stabilize.

 

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

 

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