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SunSirs: Ammonium Sulfate Prices Rose Slightly This Week (August 10-14)

August 17 2020 14:42:21     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the domestic average ex-factory price of ammonium sulfate was 576 RMB/ton on August 10, and the average ex-factory price was 583 RMB/ton on August 14. The price increased by 1.15% this week.

Analysis review

Domestic ammonium sulfate prices rose this week. The mainstream ex-factory price of ammonium sulfate in Central China was around 550-650 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Henan was 530-580 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei was 470-600 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Shandong was 500-580 RMB/ton, the mainstream ex-factory price of ammonium sulfate in East China was 550-650, the mainstream ex-factory price of ammonium sulfate in North China was 500-650 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Northeast China was 520-630 RMB/ton.

The downstream compound fertilizer market was calm this week, and the market was running smoothly. Mainly prepare fertilizer in autumn, the current market is flat, and the mentality of the industry is calm. The compound fertilizer market fluctuates mainly in the short term.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the current domestic demand for coking grade ammonium sulfate market is relatively weak, and the market trend is weak. The domestic supply of caprolactam-grade ammonium sulfate is tight, and the price remains firm. It is expected that in the short term, ammonium sulphate will be consolidated within the range.

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