Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market on April 1st was 756 RMB/ton, and on April 7th, the average price of domestic ammonium sulfate market was 773 RMB/ton. This week, the price of domestic ammonium sulfate market had increased by 2.20%.

Analysis review

This week, the domestic ammonium sulfate market price had stopped falling and risen. Due to the continuous decline in ammonium sulfate prices in the early stage, the market's bottoming out mentality had increased, and the trading atmosphere had improved, resulting in an increase in the bidding price of ammonium sulfate. However, terminal demand remained weak, and downstream purchases were made on demand. This week, urea prices continued to weaken, with bearish factors still present. As of April 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region a around 730 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 770-790 RMB/ton.

Market outlook

According to analysts from SunSirs, the price of ammonium sulfate had rebounded and risen recently. The demand side was still sluggish, coupled with the poor urea market, the rebound space of the ammonium sulfate market was limited. It is expected that in the short term, the domestic ammonium sulfate price will mainly consolidate within a narrow range.

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