SunSirs: There Were No Positive Factors, and the Price of Ammonium Sulfate Had Dropped (September 8-14)
September 15 2023 14:24:45 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 1,140 RMB/ton on September 8th, and 1,090 RMB/ton on September 14th. This week, the domestic ammonium sulfate market price fell by 4.39%.
Analysis review
The domestic ammonium sulfate market price fell this week. The price of urea had fallen, negatively affecting the ammonium sulfate market. The international market for ammonium sulfate was poor, and domestic bidding prices had declined. Downstream procurement was mainly cautiously, and distributors were actively shipping, with a wait-and-see attitude in the industry. As of September 14th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province was around 1,050 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 1,080-1,140 RMB/ton.
Market outlook
Ammonium sulfate analysts from SunSirs believe that the recent trend of ammonium sulfate price was weaker and downward. Downstream purchased just in needed, market demand was average, and the focus of transaction was down. As of September 14th, there were no positive factors in the market, and it is expected that the price of ammonium sulfate will be weaker in the short term.
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