Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on July 4th is 1,223 RMB/ton, which is 2.13% lower than the average price of 1,250 RMB/ton on June 30th.

Analysis review

Supply and demand

This week, the domestic ammonium sulfate market prices continue to decline. This week, there is a slight adjustment in the operating rate of ammonium sulfate enterprises, a decrease in the operating rate of coking enterprises, and an increase in the operating rate of domestic enterprises. At present, there is still support for the export of ammonium sulfate, but the release of demand is limited. Recently, the price of urea has been adjusted and running, and the ammonium sulfate market is mainly observing. Downstream urgent procurement has led to resistance to high prices, resulting in a decline in the transaction price of ammonium sulfate in the market.

Market conditions

As of July 4th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1,120 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1,165-1,200 RMB/ton.

Future outlook:

An ammonium sulfate analyst from SunSirs believes that the recent trend of the ammonium sulfate market is mainly downward. At present, the transactions in the ammonium sulfate market are limited, and many are adopting a cautious and wait-and-see attitude. It is expected that the domestic ammonium sulfate market price will be consolidated to be weaker in the short term.

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