1、 Price trend
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According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 1130 yuan/ton on October 7th, and 1126 yuan/ton on October 13th. This week, the domestic ammonium sulfate market price fell by 0.29%.
2、 Market analysis
The domestic ammonium sulfate market price has slightly decreased this week. The international market has fallen, while the domestic urea price has fallen, which has negatively impacted the ammonium sulfate market. Downstream and dealers are mainly wait-and-see, and their enthusiasm for purchasing goods has weakened. Downstream compound fertilizer enterprises have reduced operating rates and reduced demand for ammonium sulfate procurement. As of October 13th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1070 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1130-1170 yuan/ton.
3、 Future Market Forecast
According to ammonium sulfate analysts from Business Society, the recent slight adjustment in the price of ammonium sulfate has resulted in low purchasing enthusiasm from downstream and distributors. At present, there is no positive news in the market, and it is expected that the price of ammonium sulfate will be weak in the short term, with consolidation and operation being the main focus.
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