1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on January 13th was 850 yuan/ton, an increase of 2.62% compared to the average price of 828 yuan/ton on January 6th.

2、 Market analysis

The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remains stable, while the operating rate of domestic enterprises has decreased. At present, the supply of ammonium sulfate in the market is tight, downstream particle manufacturers are actively restocking, market inquiries are increasing, and on-site trading is good. Recently, the price of urea has rebounded, and the negative factors for ammonium sulfate have weakened. As of January 13th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 815 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 850-890 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that there has been a decrease in spot inventory in the domestic ammonium sulfate market recently, and the focus of market transactions has been continuously shifting upwards. The manufacturer’s main focus is on raising prices, and the downstream mentality of buying up and not buying down has increased. It is expected that the domestic ammonium sulfate market will experience a strong upward trend in price in the short term.