Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 1,070 RMB/ton on October 30th, and 1,003 RMB/ton on November 3rd. This week, the domestic ammonium sulfate market price fell by 6.23%.

Analysis review

The domestic ammonium sulfate market price fell this week. As of the 3rd, market demand was weak, and downstream and dealer inquiries had decreased. The decrease in transaction prices in the international market had an impact on the domestic market. The industry operated cautiously, with a clear bearish sentiment. As of November 3rd, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province was around 950 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 980-1,040 RMB/ton.

Market outlook

Ammonium sulfate market analysts from SunSirs believe that the recent downward trend in ammonium sulfate prices is mainly due to low purchasing enthusiasm from downstream and distributors. At present, market demand is weak and there is currently no positive news to support it. It is expected that the price of ammonium sulfate will continue to decline weakly in the short term.

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