Price trend

According to the monitoring data of SunSirs, the average ex-factory price of domestic ammonium sulfate was 1,233 RMB/ton on February 3 and 1,230 RMB/ton on February 9. The price of ammonium sulfate fell 0.27% this week.

Analysis review

The market price of ammonium sulfate fell first and then rose this week. Due to the increase in downstream demand and the low inventory in the site, the bidding price of coking grade ammonium sulfate increased this week. The operating rate of CPL enterprises continued to increase, the on-site supply increased, and the price of CPL-grade ammonium sulfate decreased. The export order of ammonium sulfate was limited this week, and the international market performance was weak. As of February 9, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1,250 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,350 RMB/ton. CPL-grade ammonium sulfate, the mainstream ex-factory price in Shandong was 1,120-1,220 RMB/ton.

The market of downstream compound fertilizer enterprises fluctuated slightly this week. The market of raw materials was stable for the time being, and there was no change in the cost side. At present, the compound fertilizer market is progressing steadily, and the transactions on the market are weak, and dealers are mainly cautious and wait-and-see.

Market outlook

Analysts of ammonium sulfate from SunSirs believe that the market price of ammonium sulfate has been fluctuating recently. The domestic market demand is stable, while the foreign market is weak. There is no major change in the supply side, and the downstream purchases as required. It is expected that the price of ammonium sulfate will continue to fluctuate and sort out in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com