SunSirs: The Market Price of Ammonium Sulphate Increased This Week (February 1-5)

Price trend

According to the monitoring of bulk commodity data, the price of ammonium sulfate increased this week. The average price of ammonium sulphate at the beginning of the week was 616.67 RMB/ton, and the average weekend price was 643.33 RMB/ton. The price increased by 4.32% during the week.      

Analysis review

The price of ammonium sulfate was raised this week. On the 4th, the mainstream price of domestic ammonium sulfate market followed up with the auction price, and the overall trend of domestic ammonium sulfate was good. Export orders were performing well. Under the influence of domestic downstream manufacturers' buying up and not buying down mentality, winter storage was more active than the previous period, and transaction volume increased. Coking grade ammonium sulfate was raised, and the caprolactam grade ammonium sulfate market was firm. As of the weekend, the mainstream ex-factory price of powdered ammonium sulfate in Hebei area was 650 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Shandong area was 550-580 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hunan area was around 700 RMB/ton.

Under the influence of the mentality of buying up and not buying down, downstream manufacturers were more active than in the previous period, and buying volume increased. At present, the inventory of various enterprises is generally low, and the ammonium sulfate market has risen this week. The Spring Festival holiday is approaching, downstream stocking is coming to an end, and ammonium sulfate will stabilize mainly.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the mainstream price of the domestic ammonium sulfate market followed up with the auction price on 4th, the downstream receiving volume increased, the winter storage was more active than the previous period, and the overall purchasing atmosphere of coking grade ammonium sulfate was relatively active. The demand for internal grade ammonium sulfate was stable. As the Spring Festival is approaching, it is expected that in the short term, coking grade ammonium sulfate will stabilize, and caprolactam grade ammonium sulfate will be stabilized.

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