SunSirs: Supply and Demand Was Stable, the Price of Ammonium Sulfate Rose (December 18-22)
December 26 2023 14:16:30 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 776 RMB/ton on December 18th, and 806 RMB/ton on December 22nd. This week, the price of domestic ammonium sulfate market was increased by 3.86%.
Analysis review
The domestic ammonium sulfate market price had risen this week. As of December, domestic demand as stable, and a small amount of foreign orders were being followed up. Downstream demand was still acceptable, purchased on demand, dealers replenished at low prices, and had a resistance to high prices. As of December 22, the mainstream market price for coking grade ammonium sulfate in Hebei Province was around 750-780 RMB/ton. The mainstream ex factory quotation for CPL grade ammonium sulfate in Shandong region is around 780-850 RMB/ton.
Market outlook
According to analysts from SunSirs, the price trend of ammonium sulfate had been stable and rising recently. The supply side was stable, while the demand side needed to be released. It is expected that the domestic ammonium sulfate market will experience narrow fluctuations and consolidation 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)
