Price trend  

According to the Commodity Market Analysis System of SunSirs, the average ex factory price of ammonium sulfate in China was 880 RMB/ton on February 1st, and 903 RMB/ton on February 28th. The price of ammonium sulfate had increased by 2.65% this month.

Analysis review

The market price of ammonium sulfate had increased this month. In the first half of February, the domestic ammonium sulfate market price slightly decreased. The inquiries in the ammonium sulfate market had decreased, and on-site trading had been average. Affected by snowfall in some parts of China, transportation was not smooth. In the second half of February, the domestic market price of ammonium sulfate increased. Market inquiries had increased, and downstream procurement enthusiasm had increased. Ammonium sulfate manufacturers mainly raised prices, while distributors were actively shipping, and the market had a strong bullish mentality. At the end of the month, prices slightly declined. As of February 28th, 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.

According to the weekly K-bar chart from December 4, 2023 to February 19, 2024, it can be seen that the domestic ammonium sulfate cycle had seen mixed ups and downs. There was a significant increase in February, with the largest increase being 2.64% in the week of February 19th.

Market outlook

The ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market had been consolidating recently. Downstream demand had weakened, with primary procurement for essential needs, and market transactions were still acceptable. It is expected that the short-term trend of ammonium sulfate market will be mainly characterized by narrow fluctuations.

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