SunSirs: Demand Was Weak, and Ammonium Sulfate Prices Fell (February 7-14)

Price trend

According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,490 RMB/ton on February 7, and the average domestic ex-factory price of ammonium sulfate was 1,380 RMB/ton on February 14. This week, the price of ammonium sulfate fell by 7.38%.

Analysis review

The operating rate of ammonium sulfate decreased this week, and the market atmosphere was light. The price of coking grade ammonium sulfate was running weakly, the market was mainly on the sidelines, and the transaction was average. The trend of caprolactam-grade ammonium sulfate declined, and some companies lowered their prices. This week, the price fell by 50-180 RMB/ton. As of February 14, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong was 1,300-1,380 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei was 1,280-1,380 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Heilongjiang was about 1,400 RMB/ton. Caprolactone grade ammonium sulfate, the ex-factory price in Shandong was 1,300-1,400 RMB/ton.

The downstream compound fertilizer was adjusted slightly this week, and there was not much fluctuation for the time being, and the market transaction volume was average. The price of compound fertilizer raw materials rose this week, and the cost support was better. The industry is optimistic about the compound fertilizer situation, and it is expected that there will be an upward trend in the short term.

Market outlook

An analyst of ammonium sulfate from SunSirs believes that in order to reduce inventory after the holiday, ammonium sulfate was running weakly. At present, the market is mostly wait-and-see, and the spring top dressing market is about to open, and it look forward to the follow-up of demand in the later period. It is expected that the ammonium sulfate market will be dominated by weak consolidation in the short term.

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