1. Price trend

According to the commodity market analysis system of SunSirs, the average price of domestic ammonium sulfate market was 1,026 RMB/ton on June 6, which was 0.64% lower than the average price of domestic ammonium sulfate market on June 1 of 1,033 RMB/ton.

2. Market analysis

Last week, the domestic ammonium sulfate market price fluctuated slightly. The operating rate of enterprises did not fluctuate much, and the adjustment was narrow. At present, the market supply and demand is stable, and the downstream is mainly replenished by rigid demand. The export market has not improved yet. Urea prices fell weakly last week, which was bearish for ammonium sulfate market. As of June 6, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong was about 980 RMB/ton. The mainstream ex-factory price of caprolactam-grade ammonium sulfate in Shandong was about 1,000-1,030 RMB/ton.

3. Market forecast

The ammonium sulfate analyst of SunSirs believes that the market trend of ammonium sulfate market has been adjusted narrowly recently. The downstream is mainly cautious in purchasing, and the ammonium sulfate market is light. There is no positive news in the market at present, and it is expected that the domestic ammonium sulfate market price will continue to fluctuate slightly in the short term.

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