SunSirs: Trading Had Improved, and the Price of Ammonium Sulfate Had Increased (January 15-19)
January 23 2024 11:43:02 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market on January 15th was 811 RMB/ton, and on January 19th, the average price of domestic ammonium sulfate market was 881 RMB/ton. This week, the price of domestic ammonium sulfate market had increased by 8.62%.
Analysis review
The domestic ammonium sulfate market price had risen this week. This week, there had been an increase in market inquiries, an improved trading atmosphere, and a continuous increase in the bidding price of ammonium sulfate. Recently, the international urea price had risen, which had indirectly benefited the ammonium sulfate market. As of January 19th, the mainstream market price for coking grade ammonium sulfate in Hebei Province was around 830 RMB/ton. The mainstream ex factory quotation for CPL grade ammonium sulfate in Shandong region was around 900-960 RMB/ton.
Market outlook
Ammonium Sulfate Analysts from SunSirs believe that the price trend of ammonium sulfate had been improving recently. Particle manufacturers actively followed up, downstream replenished as needed, and remained cautious about high prices, with limited room for growth. It is expected that the domestic ammonium sulfate market will be stronger in the short term, with consolidation and operation being the main focus.
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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)
