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 1140 yuan/ton on September 8th, and 1090 yuan/ton on September 14th. This week, the domestic ammonium sulfate market price fell by 4.39%.
2、 Market analysis
The domestic ammonium sulfate market price fell this week. The price of urea has fallen, negatively affecting the ammonium sulfate market. The international market for ammonium sulfate is poor, and domestic bidding prices have declined. Downstream cautious procurement is the main focus, and distributors are actively shipping, with a wait-and-see attitude in the industry. As of September 14th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1050 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1080-1140 yuan/ton.
3、 Future Market Forecast
Analysts from Business Society’s ammonium sulfate market believe that the recent trend of ammonium sulfate price is weak and downward. Downstream just needs to purchase, market demand is average, and the focus of transaction is exploring. At present, there are no positive factors in the market, and it is expected that the price of ammonium sulfate will be weak in the short term.
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