Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on October 28th was 873 RMB/ton, which was 1.13% lower than the average price of 883 RMB/ton on October 21st.

Analysis review

This week, the domestic ammonium sulfate market price first rose and then fell. The operating rate of coking enterprises remained stable, with a slight increase in the operating rate at the domestic level. Downstream demand had weakened, but market inquiries had decreased, resulting in more low-priced purchases. The export performance was poor, and there was temporarily no positive news in the short term. As of October 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 820 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 830-900 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been running steadily in recent days, with a weak overall trend. The enthusiasm for downstream procurement was not high, and they tended to adopt a wait-and-see attitude. It is expected that in the short term, the domestic ammonium sulfate market prices will continue to be adjusted to be weaker.

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