Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of domestic ammonium sulfate was 990 RMB/ton on August 18th, and 926 RMB/ton on August 24th. This week, the domestic ammonium sulfate market price fell by 6.40%.

Analysis review

The domestic ammonium sulfate market price had significantly decreased this week. This week, ammonium sulfate continued its previous week's trend, with prices dropping from high levels. Recently, the international market for ammonium sulfate had performed poorly, with a significant price decline, which had a negative impact on the domestic market. Downstream compound fertilizer enterprises increased their inquiries, but downstream and distributors had a resistance towards high prices. The trading volume in the ammonium sulfate market was limited, and the trading focus had declined. As of August 24th, the mainstream market quotation for coking grade ammonium sulfate in Hebei region was around 850-900 RMB/ton. The mainstream factory quotation for CPL ammonium sulfate in Shandong was around 900-960 RMB/ton.

Market outlook

Analysts from SunSirs believe that the recent trend of ammonium sulfate market was weaker, and market transactions were average. Although the demand for compound fertilizer enterprises had increased, the international market was weak and falling, and the domestic wait-and-see mentality was relatively strong. It is expected that the price of ammonium sulfate will continue to decline in the short term.

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