SunSirs: Mainly Sable with Small Changes, and the Ammonium Sulfate Market Was Sorted to Run (March 3-9)
March 10 2023 11:03:21 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average ex-factory price of domestic ammonium sulfate was 1,123 RMB/ton on March 3, and the average ex-factory price of domestic ammonium sulfate was 1,126 RMB/ton on March 9. The price of ammonium sulfate rose 0.30% this week.
Analysis review
The market price of ammonium sulfate fluctuated slightly this week. As of March 9, the market demand for ammonium sulfate was stable, and the downstream purchased as required. There was no good news in the market. The export of ammonium sulfate was poor this week, and the price remained stable. As of March 9, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1,080 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,100 RMB/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong was 1,110-1,170 RMB/ton.
This week, the price of downstream compound fertilizer was stable. The price of raw materials tended to be stable, and the compound fertilizer market was temporarily stabilized. The transaction on the market was average, and dealers were mainly cautious and wait-and-see.
Market outlook
The ammonium sulfate analyst of SunSirs believes that the domestic market of ammonium sulfate had been in consolidation operation recently, and the foreign market demand was weak, and the transaction was not good. At present, the transaction atmosphere in the ammonium sulfate market is light, and the terminal demand needs to be improved. It is expected that the price of ammonium sulfate will fluctuate and consolidate in the short term.
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- 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)
