Price trend

According to the Commodity Market Analysis System of SunSirs, the average ex factory price of ammonium sulfate in China was 756 RMB/ton on December 1st, and 826 RMB/ton on December 27th. The price of ammonium sulfate was increased by 9.25% this month.

Analysis review

The market price of ammonium sulfate fluctuated and increased this month. In the first half of December, the domestic ammonium sulfate market saw a slight pullback after an increase in prices. The manufacturer mainly supported the price, while downstream and some distributors made up for the price. International demand remained sluggish, and there was no positive trend on the demand side. In the second half of December, the bidding price of domestic ammonium sulfate increased. Foreign orders had been followed up in small quantities, downstream demand was still acceptable, and market trading was good. Dealers ere actively restocking and had a resistance towards high prices. As of December 27th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 740 RMB/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region was around 850-880 RMB/ton.

According to the weekly K-bar chart from October 2, 2023 to December 18, 2023, it can be seen that the domestic ammonium sulfate cycle fluctuated. There was a significant increase in December, with the largest increase being 3.86% in the week ending December 18th.

Market outlook

The ammonium sulfate analyst from SunSirs believes that the recent market trend of ammonium sulfate is relatively strong. As of December 28th, there was an increase in market inquiries and an improvement in demand. Downstream and distributors were actively acquiring goods. It is expected that the price of ammonium sulfate will mainly be on the rise in the short term.

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