SunSirs: Demand Was Stable, the Price of Ammonium Sulfate Was Adjusted in a Narrow Range
November 18 2022 13:33:20 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,450 RMB/ton on November 11, and 1,420 RMB/ton on November 17. The price of ammonium sulfate fell 2.07% this week.
Analysis review
This week, the price of ammonium sulfate decreased slightly, and the market was mainly stable with small changes. Downstream procurement was mainly on demand, market turnover was fair, and export demand continued to follow up. The operating rate of coking plants and CPL plants decreased, and the supply of ammonium sulfate in the market decreased. As of November 14, coking grade ammonium sulfate: the mainstream factory quotation of ammonium sulfate in Shandong was about 1,400 RMB/ton. The mainstream factory quotation of ammonium sulfate in Hebei was about 1,400 RMB/ton. CPL ammonium grade sulfate, the mainstream factory quotation in Shandong was 1,360-1,490 RMB/ton.
The downstream compound fertilizer market was stable this week, and the enthusiasm of the market increased. The raw materials continued to increase, the pressure on the cost of compound fertilizer increased, and the manufacturers mainly supported high prices. Supported by raw materials, the domestic compound fertilizer market was running well, and the winter storage market was steadily following up.
Market outlook
Ammonium sulfate analysts from SunSirs believe that the current market situation of ammonium sulfate is stable with small fluctuations, the market supply is tight, and the trading volume is fair. Under the condition of stable demand, it is expected that the price of ammonium sulfate will fluctuate in a narrow range 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)
