Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on June 16th was 1,056 RMB/ton, an increase of 1.93% compared to the average price of 1,036 RMB/ton on June 9th.

Analysis review

Last week, the price of ammonium sulfate in the domestic market had risen, and the operating rate of enterprises slightly adjusted. As of June 16th, the market supply was stable and there was an increase in market inquiries. Downstream particle factories purchase according to demand, and the export market was good, but demand had not yet been fully released. As of June 16th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 980 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,030-1,070 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the recent trend of the ammonium sulfate market has been dominant. As of June 16th, the market trading direction was good, mainly supporting the high prices, and domestic and foreign demand needed to be released. It is expected that in the short term, the domestic ammonium sulfate market will mainly be consolidated to be stronger.

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