1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1440 yuan/ton on October 1, and 1510 yuan/ton on October 27. The price of ammonium sulfate rose 4.86% this month.

2、 Market analysis

According to the weekly rise and fall chart from August 1, 2022 to October 23, 2022, it can be seen that the domestic ammonium sulfate has increased a lot in the cycle. The maximum increase was 9.96% in the week of August 29, and the maximum decrease was -5.61% in the week of August 1. Since October, it has risen slightly, with the largest increase of 1.85% in the week of October 3.

Ammonium sulfate prices rose sharply this month. Ammonium sulfate market fluctuated slightly, with fair trading atmosphere and increased inquiries. Downstream procurement is mainly based on demand, and the high price is still a wait-and-see attitude. Due to the stable terminal demand, the manufacturer’s price is mainly high. Due to the epidemic situation and environmental protection, the operating rate of coke plants decreased, and the supply of ammonium sulfate decreased. At present, the market is not very volatile, and the industry is mainly cautious. As of October 27, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1490 yuan/ton, and that in Hebei was about 1450 yuan/ton. Domestic ammonium sulfate, the factory quotation in Shandong is 1450-1590 yuan/ton.

The downstream compound fertilizer market demand was flat this month, with weak stable operation as the main factor. The wait-and-see mood was strong, waiting for the introduction of the winter reserve policy. The construction of compound fertilizer plants declined, and the demand for raw materials weakened. The urea cost is well supported, and the agricultural demand is small. The production of urea in Shanxi is limited to 150000 tons per day. In the future, urea rose slightly in shock, which was beneficial to the ammonium sulfate market.

3、 Future market forecast

According to the ammonium sulfate analyst of the business agency, the demand for ammonium sulfate has been flat in recent days, and the transactions on the market are average. The downstream still resists the high price of ammonium sulfate, and the wait-and-see mood is strong. The supply of ammonium sulfate in the plant is reduced due to the reduction of the operating rate of the manufacturer. It is expected that in the short term, the ammonium sulfate market will continue to operate mainly in shock and consolidation, and the price will fluctuate in a narrow range.