Price trend

According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate on March 1 was 1,116 RMB/ton, and the average factory price of domestic ammonium sulfate on March 29 was 890 RMB/ton. The price of ammonium sulfate fell by 20.30% this month.

Analysis review

The price of ammonium sulfate fell sharply this month. In the first half of March, the market price of ammonium sulfate fluctuated slightly. The market demand for ammonium sulfate was stable, and downstream purchases were made on demand, with acceptable on-site trading. Export prices remained stable. In the second half of March, the price of ammonium sulfate continued to decline. The market demand for ammonium sulfate continued to weaken, downstream purchased a small amount of goods and new orders were weak. The export performance of ammonium sulfate was poor, and the market situation was sluggish. The bidding price of coking grade ammonium sulfate dropped significantly, caprolactam grade ammonium sulfate followed the downward trend. As of March 29, the mainstream ex-factory quotation for coking grade ammonium sulfate in Shandong was around 860 RMB/ton. Caprolactam grade ammonium sulfate, the mainstream ex-factory price in Shandong Province was around 870-920 RMB/ton.

According to the weekly increase and decrease from January 2, 2023 to March 20, 2023, it can be seen that the rise and fall of domestic ammonium sulfate cycle were mixed. There was a significant decline in March, with the largest decline of 11.08% in the week of March 20.

The downstream compound fertilizer market was weaker this month. The market for raw materials weakened, and cost support had weakened. The manufacturer flexibly adjusted the price. The enthusiasm for terminal fertilizer use was not high, and the composite fertilizer market was dominated by low price transactions, with weak consolidation and operation in the short term.

Market outlook

According to ammonium sulfate analysts from SunSirs, recently, the ammonium sulfate market was sluggish, the trading in the market was weak. The industry was mostly on the sidelines. The performance of the international market was still poor, and with order prices were low. It is expected that the price of ammonium sulfate will be consolidated to be weaker in the short term.

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