Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on February 17th was 938 RMB/ton, which was 3.68% higher than the average price of 905 RMB/ton on February 10th.

Analysis review

The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remained stable, and the operating rate of their own equipment has increased. Downstream compound fertilizer enterprises have increased demand and were actively restocking. Particle factories were also actively purchasing, and the trading atmosphere in the ammonium sulfate market was improving. Recently, the urea market price has surged, which was favorable for the domestic ammonium sulfate market. As of February 17th, ammonium sulfate manufacturers mainly sold at high prices. As of February 17th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region wa around 920 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 960-995 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the recent trend of the ammonium sulfate market has been stronger. As of February 17th, the market demand was good, manufacturers were shipping smoothly, and distributors were actively operating. Under the support of demand, it is expected that the domestic ammonium sulfate market will continue to have a stronger upward trend in the short term.

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