SunSirs: Under the Leadership of Bearish Factors, the Price of Ammonium Sulfate Fell (June 9-15)

Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of domestic ammonium sulfate on June 9th was 713 RMB/ton, and on June 15th, the reference average price of domestic ammonium sulfate was 696 RMB/ton. This week, the price of ammonium sulfate was decreased by 2.34%.

Analysis review

This week, the domestic ammonium sulfate market price continued to decline and the trend continued to decline. The bidding price for coking grade ammonium sulfate was adjusted narrowly, and the quotation for CPL grade ammonium sulfate was lowered. The international market was still weak, with fewer orders. The downstream composite fertilizer market was relatively weak, with on-demand procurement being the main focus. This week's weakening of urea prices had negatively impacted the ammonium sulfate market. As of June 15th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 650 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 640-730 RMB/ton.

The downstream compound fertilizer market price fell this week, and the market trend was weaker. The market for composite fertilizer raw materials was weakening, and cost support was weak. Downstream procurement was mainly based on demand, and market confidence was insufficient. It is expected that the short-term composite fertilizer market will continue to be weak.

Market outlook

According to ammonium sulfate analysts from SunSirs, the domestic ammonium sulfate market was recently sorted downward due to sluggish domestic and international demand, and there was currently no positive support for the market. Downstream replenishment as needed, with average transactions. The recent decline in urea prices had an impact on the ammonium sulfate market. It is expected that the ammonium sulfate market will mainly be weakly consolidated in the short term.

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