Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 883 RMB/ton on January 29th, and 880 RMB/ton on February 4th. This week, the domestic ammonium sulfate market price fell by 0.38%.

Analysis review

This week, the domestic ammonium sulfate market prices had remained stable with minor fluctuations. As the Spring Festival approaching, the ammonium sulfate market had seen a decrease in inquiries and average trading on the market. Affected by snowfall in some parts of China, transportation was not smooth. As of February 4th, the mainstream market price for coking grade ammonium sulfate in Hebei Province was around 810 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 890-920 RMB/ton.

Market outlook

According to analysts from SunSirs, the price of ammonium sulfate had been stabilizing recently. The pre holiday market transaction atmosphere weakened, and downstream procurement enthusiasm weakened. It is expected that the domestic ammonium sulfate market will remain stable and operate steadily in the short term.

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