Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on February 11th was 916 RMB/ton, an increase of 4.17% compared to the average price of 880 RMB/ton on February 5th.
Analysis review
The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remained stable, and the operating rate of their own equipment has increased. Ammonium sulfate manufacturers mainly offered high prices, while distributors actively operated. After the holiday, market demand increased and downstream pellet factories actively restocked, leading to a rise in market trading. Recently, urea prices have started to rise, which was favorable for the domestic ammonium sulfate market. As of February 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 900 RMB/ton. CPL grade ammonium sulfate, the mainstream factory price in Shandong region was around 950-980 RMB/ton.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the market trend of ammonium sulfate has been improving recently, and the market price continued to rise. As of February 11th, downstream demand was increasing, and the market had a strong bullish atmosphere, dominated by favorable factors. It is expected that the domestic ammonium sulfate market price will continue to rise in the short term.
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