SunSirs: Demand Was Poor and the Price of Ammonium Sulfate Decreased (January 1-7)
January 10 2024 10:18:18 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market on January 1st was 833 RMB/ton, and on January 7th, the average price of domestic ammonium sulfate market was 796 RMB/ton. This week, the price of domestic ammonium sulfate market was decreased by 4.40%.
Analysis review
This week, the price of ammonium sulfate in the domestic market had fallen. Foreign orders were relatively low, domestic market demand was poor, downstream delivery capacity was weakened, and market bearish sentiment was strong. As of January 7th, the mainstream market price for coking grade ammonium sulfate in Hebei Province was around 750-800 RMB/ton. The mainstream ex factory quotation for CPL grade ammonium sulfate in Shandong region was around 785-870 RMB/ton.
Market outlook
Ammonium Sulfate Analysts from SunSirs believe that the recent trend in ammonium sulfate prices was weaker. The supply side was relatively abundant, while the demand side purchased less goods. The short-term market situation is currently not favorable, and it is expected that the domestic ammonium sulfate market price will be mainly consolidated to be weaker 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)
