SunSirs: Trading Was Flat, and Ammonium Sulfate Tended to Weaken during Operation (March 1-7)
March 08 2024 14:47:16 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 896 RMB/ton on March 1st, and 890 RMB/ton on March 7th. This week, the price of domestic ammonium sulfate market had decreased by 0.74%.
Analysis review
The domestic ammonium sulfate market price has fallen this week. As of March 7th, the market trading was flat, and there was resistance from downstream towards high prices, resulting in low price transactions. Ammonium sulfate manufacturers and distributors had slightly adjusted prices and were actively shipping. As of March 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 830 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 920-940 RMB/ton.
Market outlook
Analysts from SunSirs believe that the price of ammonium sulfate had been weakening recently. The market demand was average, and the transaction atmosphere was poor. It is expected that the domestic ammonium sulfate market will be consolidated to be slightly weaker in the short term, with consolidation and operation being the main trend.
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