SunSirs: "Silver October" Did Not Dhow and Ammonium Sulfate Market in a Downturn (10.1-10.31)

Price trend

According to the data monitoring of SunSirs, the market price of ammonium sulfate fell this month. On October 1st, the average domestic price of ammonium sulfate was 636 RMB/ton. On October 31, the average domestic price of ammonium sulphate was 616 RMB/ton, and the price fell 3.14%. As of now, the ammonium sulfate commodity index on November 5 was 47.56, down 4.04 points from November 4, down 55.25% from the highest point of 106.28 points (2012-05-24)in the cycle, compared with the lowest point of 36.65 on June 23, 2014. The point rose by 29.77%. (Note: Cycle refers to 2011-09-01 to date)

Analysis review

Product: In October, the mainstream price of ammonium sulphate in Central China is 500-700 RMB/ton, the mainstream price of ammonium sulphate in Henan is 500-700 RMB/ton, the mainstream price of ammonium sulphate in Hebei is 520-750 RMB/ton, the mainstream factory price of ammonium sulphate in East China is 530-600, and the mainstream price of ammonium sulfate in North China is 460-550. Due to insufficient terminal demand, the overall price of domestic coking grade ammonium sulfate was lowered this month, and the price of Caprolactam graded ammonium sulfate was lowered.

Industrial chain: The domestic sulfuric acid factory equipment operated smoothly, and the downstream customers' enthusiasm for sulfuric acid procurement rose, and the ex-factory price of sulfuric acid in the market fluctuated. Sulfuric acid enterprises frequently issued pre-orders, and the short-term construction was insufficient, and the supply was slightly tight. The compound fertilizer enterprises have been stagnant, the cost price has fallen, and the industry has insufficient confidence in the market outlook. Near the Phosphate Compound Fertilizer Conference, it has a wait-and-see attitude.

Industry: According to the price monitoring of of SunSirs, in October 2019, there are 20 kinds of commodities rising in the rise and fall list of bulk commodity prices, and among which there were 8 kinds of commodities with a price increase of more than 5%, accounting for 9.5% of the monitored products in the sector; The top 3 commodities were hydrogen peroxide (25.36%), epichlorohydrin (25.33%), and sulfur (19.54%). There were 56 kinds of commodities with a decrease in the chain, and 29 products with a drop of more than 5%, accounting for 34.5% of the monitored products in the sector; the top 3 products were nitric acid (-30.41%) and butadiene (-19.30). %), acetic acid (-18.84%). This month's average price increase was -2.82%.

Market outlook

Analysts of ammonium sulphate in SunSirs believe that due to insufficient domestic and international market demand, the coking grade ammonium sulfate fell this month, and the Caprolactam graded ammonium sulfate fell. In October, the market for ammonium sulphate was weak, and the market trend was not satisfactory. It is expected that the market for ammonium sulfate in the late stage will be weak and volatile.

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