SunSirs: The Ammonium Sulfate Market Stopped Falling and Rose (December 1-7)
December 08 2023 15:19:00 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 756 RMB/ton on December 1st, and 783 RMB/ton on December 7th. This week, the domestic ammonium sulfate market price was increased by 2.66%.
Analysis review
The domestic ammonium sulfate market price had risen this week. The manufacturer mainly supported the price, and the bidding price for ammonium sulfate had been increased. Downstream and some distributors were buying at the bottom to replenish the goods. However, international demand remained sluggish, and there was no positive trend on the demand side. As of December 7th, the mainstream market price for coking grade ammonium sulfate in Hebei Province was around 780 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 750-820 RMB/ton.
Market outlook
According to Ammonium Sulfate analysts from SunSirs, the price trend of ammonium sulfate had been on the rise recently. Downstream and distributors had a strong mentality of bottoming out, but the demand side was still weak and the upward space is limited. It is expected that the domestic ammonium sulfate market will experience a slight upward trend 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)
