1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1363 yuan / ton on March 7 and 1740 yuan / ton on March 11. The price of ammonium sulfate increased by 27.63% this week.

2、 Market analysis

The price of ammonium sulfate rose continuously this week, with an increase of 300-500 yuan / ton, and the market rebounded strongly. As the price of urea at home and abroad continues to rise, it is good for the market of ammonium sulfate. Downstream enterprises purchase intensively, the atmosphere in the venue heats up rapidly, and the industry is mostly bullish. This week, the bidding price of coking grade ammonium sulfate enterprises increased significantly, and the internal grade ammonium sulfate also rose rapidly, but the downstream still has a mentality of resistance to the high price ammonium sulfate. As of March 11, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1720 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1800 yuan / ton. Hexene grade ammonium sulfate, the ex factory quotation in Shandong is 1700-1800 yuan / ton.

This week, due to the continuous rise of urea price and the strengthening of resistance in the downstream of urea, the rise of urea led to the sharp rise of ammonium sulfate Market. This week, the downstream compound fertilizer was put into operation at a high level. Due to the sharp rise of compound fertilizer raw materials, compound fertilizer enterprises mostly hold a wait-and-see attitude and do not offer for the time being. Under the pressure of cost, the short-term compound fertilizer market is mainly consolidated, waiting for the information guidance.

3、 Future forecast

The ammonium sulfate analyst of the business agency believes that with the advent of spring ploughing and the peak season of domestic fertilizer use, dealers are actively taking goods. The bullish atmosphere in ammonium sulfate field is strong, and the demand side is waiting for continuous follow-up. The rise of urea is good for the market of ammonium sulfate. Ammonium sulfate is expected to continue the upward trend in the short term, but it is already at a high level and the rising space is limited.