Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market was 830 RMB/ton on May 17th, and 840 RMB/ton on May 23rd. This week, the price of ammonium sulfate in the domestic market had increased by 1.20%.
Analysis review
The domestic ammonium sulfate market price had risen this week. As of May 23rd, the operating rate of enterprises was low, and the market supply was tight. Downstream on-demand procurement, increased inquiries, and market trading was stable. The increase in urea prices this week was beneficial for the nitrogen fertilizer market and the ammonium sulfate market. The export market was still weak and had not improved yet. As of May 23rd, 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 840-860 RMB/ton.
Market outlook
According to Ammonium Sulfate analysts from SunSirs, the market price of ammonium sulfate had recently risen, and market trading had increased. Manufacturers were mainly hesitant to sell. It is expected that the domestic ammonium sulfate price will continue to be stronger in the short term, with consolidation and operation being the main focus.
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