Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on July 21 was 1,196 RMB/ton, a decrease of 2.97% compared to the average price of 1,233 RMB/ton on July 14.

Analysis review

Supply and demand situation

Last week, the domestic ammonium sulfate market prices weakened and fell. The operating rate of ammonium sulfate domestic enterprises remained stable, while the operating rate of coking enterprises had decreased. As of July 21st, the supply of ammonium sulfate in the market was stable, but downstream procurement enthusiasm had weakened, and the market transaction atmosphere had weakened. Recently, the export market for ammonium sulfate was average, and the market's mentality of buying up rather than buying down had increased.

Market conditions

As of July 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,125 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,130-1,170 RMB/ton.

Future outlook:

An ammonium sulfate analyst from SunSirs believes that the recent trend of the ammonium sulfate market was mainly downward. As of July 21st, there was no positive news in the ammonium sulfate market, with a decrease in market inquiries and cautious downstream procurement. It is expected that the domestic ammonium sulfate market price will be weaker in the short term..

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