Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 813 RMB/ton on May 6th, and 818 RMB/ton on May 11th. This week, the price of domestic ammonium sulfate market had increased by 0.61%.

Analysis review

The domestic ammonium sulfate market price had slightly increased this week. The operating rate of enterprises had increased, and the supply of ammonium sulfate in the market had increased. Downstream compound fertilizer enterprises mainly focused on rigid procurement, with stable market transactions and a good atmosphere for inquiries. As of May 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 825 RMB/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region was around 810-830 RMB/ton.

Market outlook

According to analysts from SunSirs, the price of ammonium sulfate had slightly increased recently. The domestic market demand was stable, and there was temparorily no significant fluctuation in the export market. It is expected that the short-term increase in domestic ammonium sulfate prices will be limited, with narrow consolidation and operation being the main focus.

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