SunSirs: After the Holiday, the Market Price of Ammonium Sulfate Slightly Decreased (May 5-9)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on May 9th was 1,073 RMB/ton, which was 0.31% lower than the average price of 1,076 RMB/ton on May 5th.

Analysis review

Last week, there was a narrow adjustment in the domestic ammonium sulfate market price. The fluctuation of enterprise operating rate was not significant, and the main focus was on executing early orders. Last week, the coking grade ammonium sulfate market remained stable, while the CPL grade ammonium sulfate saw a slight decline. As of May 9th, the enthusiasm for downstream procurement had weakened, and more caution was being exercised, with a focus on replenishing urgently needed goods. As of May 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,040 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,050-1,100 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the market trend of ammonium sulfate has slightly adjusted recently. As of May 9th, spot supply was tight and market demand was weakening. It is expected that in the short term, the domestic ammonium sulfate market will mainly experience narrow fluctuations and consolidation in price.

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