Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on July 11th was 1,233 RMB/ton, an increase of 2.78% compared to the average price of 1,200 RMB/ton on July 7th.   

Analysis review

Supply and demand situation

Last week, the domestic ammonium sulfate market prices showed a stronger upward trend. The operating rate of ammonium sulfate enterprises remained stable last week. As of July 11th, the supply of ammonium sulfate in the market was stable, with manufacturers offering high prices and downstream suppliers replenishing as needed, creating a good trading atmosphere. The rise in international urea prices was favorable for the ammonium sulfate market, driving up the price of ammonium sulfate.

Market conditions

As of July 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,145 RMB/ton. The mainstream ex factory quotation for domestic grade ammonium sulfate in Shandong region was around 1,180-1,240 RMB/ton.

Future outlook:

The ammonium sulfate analyst from SunSirs believes that the recent trend of the ammonium sulfate market has been dominant. As of July 11th, the trading of ammonium sulfate market was stable, and the printing price exceeded expectations. The optimistic attitude of the nitrogen fertilizer market has increased. It is expected that the domestic ammonium sulfate market price will be stronger in the short term and will continue to consolidate.

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