SunSirs: Demand Increased, Ammonium Sulfate Market Strengthened (September 2-8)

Price trend

According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,325 RMB/ton on September 2, and the average domestic ex-factory price of ammonium sulfate was 1,405 RMB/ton on September 8. This week, the price of ammonium sulfate increased by 6.04%.

Analysis review

The market price of ammonium sulfate rose sharply this week. The downstream operating rate of ammonium sulfate increased, and the demand for ammonium sulfate increased. There were many export inquiries, and the ammonium sulfate market was running well. The urea market rose this week, which is good for the ammonium sulfate market. Under the influence of multiple favorable factors, the bidding price of ammonium sulfate in the coking plant was greatly increased, and the domestic-level enterprises were selling at a high price. As of September 8, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong was 1,420-1,570 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,460 RMB/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong was 1,450-1,580 RMB/ton.

This week, the downstream compound fertilizer market was stable, the operating rate increased, and the purchase of ammonium sulfate was mainly based on demand. At present, the demand for urea is booming, nitrogen fertilizer is trending well, and urea is still the main upward trend in the market outlook.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the current ammonium sulfate market trend is on the strong side, the downstream demand is increasing, and manufacturers and distributors have raised prices one after another. The trading volume in the market increases, and the supply begins to be tight. In the case of good demand, it is expected that the ammonium sulfate market will continue to rise in the short term, and the trend will continue to run upwards.

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