SunSirs: The Price of Ammonium Sulfate Fell Due to the Cold Trading (January 1-5)
January 06 2023 14:05:51 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,243 RMB/ton on January 1, and 1,203 RMB/ton on January 5. The price of ammonium sulfate fell 3.22% this week.
Analysis review
The market price of ammonium sulfate mainly declined this week. The operating rate of CPL grade ammonium sulfate plant had slightly increased compared with last week, and the supply of domestic CPL grade ammonium sulfate in the plant had increased. The bidding price of coking grade ammonium sulfate was lowered. The downstream demand side was weak as a whole, and the market transactions were light. The industry was mainly cautious. As of January 5, the main factory quotation of coking ammonium sulfate in Shandong was about 1,150 RMB/ton, and that in Hebei was about 1,200 RMB/ton. CPL grade ammonium sulfate, the mainstream factory quotation in Shandong was 1,150-1,260 RMB/ton.
This week, the market of downstream compound fertilizer enterprises was stable, and the price did not fluctuate too much, mainly for the supply of early orders. Compound fertilizer market had few new units, and the overall market trading was weak.
Market outlook
Ammonium sulfate analysts from SunSirs believe that the recent market trend of ammonium sulfate was weak, the domestic and international demand was poor, and the number of transactions on the market was low. In the absence of any positive situation, it is expected that the ammonium sulfate market will fluctuate slightly and operate weakly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-24 SunSirs: There Was Temporarily No Positive News in the Market, and Ammonium Sulfate Had Slightly Declined (April 15-19)
- 2024-04-12 SunSirs: Demand Increased and Ammonium Sulfate Prices Rose (April 5-11)
- 2024-04-09 SunSirs: Trading Volume Increased, and the Price of Ammonium Sulfate Stopped Falling and Rose (April 1-7)
- 2024-03-25 SunSirs: Good News Hard to Find, Ammonium Sulfate Prices Continued to Decline (March 15-21)
- 2024-03-15 SunSirs: Exports Were Weak and Ammonium Sulfate Prices Fell (March 8-14)
