SunSirs: The Market Was Sluggish, and Ammonium Sulfate Was Running Weakly and Steadily (July 1-7)

Price trend

According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,463 RMB/ton on July 1, and the domestic average ex-factory price of ammonium sulfate was 1,463 RMB/ton on July 7. This week, the price of ammonium sulfate was stable.

Analysis review

The price of ammonium sulfate was stable this week. As of the 7th, there was no good news in the ammonium sulfate market, the market was sluggish, and the trend was mainly weak. The domestic and foreign market demand was not good, and the industry was mostly wait-and-see. The price of urea fell this week, which was bad for the ammonium sulfate market. As of July 7, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong was about 1,400 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,420 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Heilongjiang was 1,200-1,320 RMB/ton. CPL-grade ammonium sulfate, the mainstream ex-factory price in Shandong was 1,450-1,520 RMB/ton.

The downstream compound fertilizer market was weak this week, and the demand began to turn weak. The price of urea, the raw material of compound fertilizer, fell, and the cost pressure of compound fertilizer decreased. The turnover of new compound fertilizer orders was limited, the demand side was mainly wait-and-see, and the short-term stalemate is the main operation.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the recent ammonium sulfate market is weak, the terminal demand is insufficient, and many companies sell at stable prices. In terms of exports, there is resistance to high-priced ammonium sulfate, and there is currently no favorable direction. It is expected that the ammonium sulfate market will run smoothly and weakly in the short term.

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