SunSirs: The Ammonium Sulfate Market Was Sorted after the Rise of Price (April 14-22)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on April 22 was 1,066 RMB/ton, an increase of 3.06% compared to the average price of 1,035 RMB/ton on April 14.

Analysis review

After the domestic ammonium sulfate market price rose this week, it has been consolidating and operating. The operating rate of coking enterprises remained stable, and the operating rate of their internal equipment was at a low level. At the beginning of the week, domestic ammonium sulfate prices continued to rise. After the continuous increase in ammonium sulfate prices, downstream replenishment enthusiasm weakened, and there was resistance to high prices. The ammonium sulfate market began to consolidate and operate. As of April 22nd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,030 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,040-1,090 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the recent market trend of ammonium sulfate has been narrowly adjusted and operated.As of April 22nd, downstream procurement urgently required replenishment, and the ammonium sulfate market adopted a cautious and wait-and-see attitude, with manufacturers mainly pushing prices. It is expected that the domestic ammonium sulfate market will remain stagnant and operate in the short term.

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