1、 Price trend

According to the monitoring data of the Business News Agency, the average ex-factory price of domestic ammonium sulfate was 1206 yuan/ton on February 1, and 1116 yuan/ton on February 27. The price of ammonium sulfate fell by 7.46% this month.

2、 Market analysis

The price of ammonium sulfate fell sharply this month. In the first ten days of February, the bidding price of coking grade ammonium sulfate was increased due to the increase in downstream demand and the low inventory in the site. The operating rate of domestic enterprises increased, the supply of domestic enterprises increased, and the price of domestic ammonium sulfate decreased. Since the middle of February, the downstream demand has weakened, the bidding price of coking grade ammonium sulfate has been significantly reduced, and the domestic grade ammonium sulfate has continued to be weak. The export order of ammonium sulfate was limited this month, and the international market performance was weak. As of February 27, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1080 yuan/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1100 yuan/ton. For domestic ammonium sulfate, Shandong’s mainstream ex-factory price is about 1080-1170 yuan/ton.

According to the weekly rise and fall from November 28, 2022 to February 20, 2023, it can be seen that the rise and fall of domestic ammonium sulfate cycle are mixed. February fell a lot, with the largest decline of -5.62% in the week of February 20.

3、 Aftermarket forecast

Analysts of ammonium sulfate from the Business Agency believe that the domestic market demand for ammonium sulfate has declined recently, the intra-field trading has been weak, and the downstream purchases are mostly at low prices. In addition, the performance of the international market is still weak. It is expected that the market price of ammonium sulfate will continue to decline in the short term.