1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1690 yuan / ton on June 6, and 1646 yuan / ton on June 10. The price of ammonium sulfate fell by 2.55% this week.

2、 Market analysis

The price of ammonium sulfate fell this week. At present, the trading atmosphere on the floor is flat, and the new orders are generally traded. In order to relieve the shipping pressure, ammonium sulfate enterprises have lowered their prices. Downstream purchases are mainly on demand, which is inconsistent with high prices. The bidding price of ammonium sulfate was lowered this week, and some caprolactam enterprises were overhauled. As of June 10, the main factory price of coking ammonium sulfate in Shandong is about 1550 yuan / ton, and that in Hebei is about 1500 yuan / ton. For power plant grade ammonium sulfate, the factory quotation of mainstream ammonium sulfate in Shandong is about 1575 yuan / ton. The mainstream factory quotation of Hexian ammonium sulfate in Shandong is about 1670 yuan / ton.

The market price of downstream compound fertilizer continued to be high this week. As the price of raw materials continues to rise, the cost support is strong, and the compound fertilizer market is strong. This week, the operating rate of compound fertilizer enterprises decreased, and most enterprises’ quotations were suspended. Dealers take goods carefully, and the trend of compound fertilizer market is still dominant in the short term.

3、 Aftermarket forecast

The ammonium sulphate analysts of the business agency believe that the price of ammonium sulphate has fallen from the high level after rising in the early stage. At present, domestic demand is general, there is no good news on the floor, and the export market is weak. The downstream is cautious in taking goods, and the manufacturer’s quotation is lowered to reduce inventory. It is expected that in the short term, the price of ammonium sulfate will fall in a weak and volatile manner.