Price trend

According to the Commodity Market Analysis System of SunSirs, the average factory price of domestic ammonium sulfate on May 1st was 880 RMB/ton, and on May 6th, the average factory price of domestic ammonium sulfate was 883 RMB/ton. This week, the price of ammonium sulfate was increased by 0.38%.

Analysis review

The market price of ammonium sulfate fluctuated narrowly this week. After the holiday, the ammonium sulfate market was consolidated, the manufacturers shipped normally and the transactions was average. The international market for ammonium sulfate was still weak and there was no significant improvement. Downstream procurement was mainly based on demand. The bidding price of coking grade ammonium sulfate dropped slightly this week, and the price of CPL grade ammonium sulfate rose slightly. As of May 6th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 820-880 RMB/ton. CPL ammonium sulfate, the mainstream factory quotation in Shandong was about 860-910 RMB/ton.

This week, the downstream compound fertilizer market was weaker.. The market for composite fertilizer raw materials was poor, and cost support was weakening. The manufacturer mainly delivered orders, while the corn fertilizer was still available for sale.

Market outlook

Analysts from SunSirs’ ammonium sulfate market believe that the domestic ammonium sulfate market experienced slight fluctuations after the holiday, with average market trading and a sluggish international market. Downstream procurement volume was low, and transactions ere mainly made at low prices. It is expected that the ammonium sulfate market will operate in a narrow range in the short term.

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