Price trend

According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate on March 17 was 1,063 RMB/ton, and the average factory price of domestic ammonium sulfate on March 23 was 950 RMB/ton. This week, the price of ammonium sulfate fell 10.66%.

Analysis review

The market price of ammonium sulfate fell sharply this week. As of the 23rd, the market demand for ammonium sulfate continued to weaken, with a small amount of downstream purchases, and the new orders were weak. The export performance of ammonium sulfate was poor, and the market situation was sluggish. This week, the bidding price of coking grade ammonium sulfate fell sharply, and the CPL grade ammonium sulfate followed the downward trend. As of March 23, the mainstream ex-factory quotation for coking grade ammonium sulfate in Shandong was around 870 RMB/ton. CPL grade ammonium sulfate, the mainstream ex-factory price in Shandong Province was 950-980 RMB/ton.

The price trend of downstream compound fertilizer was weak this week. The price of raw materials declined, and the cost support for compound fertilizers had weakened. The industry was dominated by wait-and-see, with fewer transactions on the market and the market atmosphere was light. It is expected that the compound fertilizer market will be weaker in the short term.

Market outlook

According to ammonium sulfate analysts from SunSirs, the domestic market for ammonium sulfate continued to weaken recently, and the foreign market was still sluggish. The enthusiasm for downstream procurement was not high. Under the guidance of negative factors, it is expected that the ammonium sulfate market will continue to be weaker and consolidated in the short term.

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