Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of ammonium sulfate in China was 883 RMB/ton on February 19th, and 906 RMB/ton on February 26th. This week, the domestic ammonium sulfate market price had increased by 2.64%.
Analysis review
The domestic ammonium sulfate market price had risen this week. Market inquiries had increased, and downstream procurement enthusiasm had increased. Ammonium sulfate manufacturers mainly raised prices, while distributors were active in shipping. The market had a strong mentality of buying up rather than buying down. As of February 26th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 860 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 930-960 RMB/ton.
Market outlook
According to analysts from SunSirs, the price of ammonium sulfate had recently stabilized after rising. The market demand was stable and the transaction atmosphere was good. It is expected that the domestic ammonium sulfate market will experience a slight consolidation in the short term.
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