SunSirs: Enquiries Decreased, and the Trend of Ammonium Sulfate Declined (November 4-10)
November 11 2022 13:28:37 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,500 RMB/ton on November 4, and 1,460 RMB/ton on November 10. The price of ammonium sulfate fell 2.67% this week.
Analysis review
This week, the trend of ammonium sulfate market was mainly downward. On the 10th, the demand for ammonium sulfate in the market was low, and there were few deals. Downstream procurement was mainly based on demand, and the industry operated cautiously. The export demand was weak and the overall performance was poor. This week, the bidding price of coking grade ammonium sulfate was generally lowered by about 50 RMB/ton. The price of caprolactam grade ammonium sulfate also continued to decline. As of November 10, coking grade ammonium sulfate, the mainstream ex factory quotation in Shandong was about 1,400 RMB/ton, and the mainstream ex factory quotation in Hebei was about 1,390 RMB/ton. Caprolactam grade ammonium sulfate, the mainstream factory quotation in Shandong was 1,420-1,520 RMB/ton.
This week, the downstream compound fertilizer enterprises started at a low level, and the market was mainly waiting and consolidated. Winter storage market was progressing slowly, and the demand for raw materials was not good. The trading in the compound fertilizer plant was light, and there was no good news for time being, and waiting for the release of terminal demand.
Market outlook
Ammonium sulfate analysts from SunSirs believe that the market of ammonium sulfate has declined recently, with fewer downstream inquiries, and a small amount of procurement. The dealer is more cautious and not very enthusiastic. It is expected that the price of ammonium sulfate will continue to decline in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 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)
