Price trend

According to the monitoring data of SunSirs, the average ex-factory price of domestic ammonium sulfate was 1,203 RMB/ton on January 6 and 1,203 RMB/ton on January 12. The price of ammonium sulfate was stable this week.

Analysis review

The market price of ammonium sulfate was stable this week. As of the 12th, the stock of ammonium sulfate in the site was not large, and the demand for seasonal stock increased, but the trading was normal, and the industry was still cautious and wait-and-see. As the Spring Festival holiday approaching, foreign orders decreased. As of January 12, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1,150 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,200 RMB/ton. For caprolactam-grade ammonium sulfate, Shandong's mainstream ex-factory price was 1,150-1,260 RMB/ton.

This week, the market situation of downstream compound fertilizer enterprises was smoothly sorted and operated, and the price did not fluctuate too much for the time being, mainly based on early orders. There were few new orders in the compound fertilizer market, and the market volume was relatively light.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the market of ammonium sulfate has been operating at a low level recently and there is not much supply in the market. Although the number of inquiries has increased, the terminal demand is general and the transaction is relatively small. It is expected that in the short term, the market of ammonium sulfate will be mainly stabilized and sorted out.

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