Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on March 14th was 943 RMB/ton, which was 2.75% lower than the average price of 970 RMB/ton on March 10th.

Analysis review

This week, the domestic ammonium sulfate market continued its weak trend from last week, with prices continuing to decline. The operating rate of coking enterprises remained stable, while the operating rate of their own facilities has decreased. With the continuous decline in ammonium sulfate prices, the market's mentality of buying up and not buying down has increased, and new orders in the market have decreased. Downstream replenishment as needed, purchasing intention was insufficient. The international demand for ammonium sulfate has decreased, and negative factors have increased. As of March 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 860 yuan/ton. CPL grade ammonium sulfate, the mainstream factory price in Shandong region was around 950-990 yuan/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the market price of ammonium sulfate has been weak and declining recently. As of March 14th, the domestic and international market demand for ammonium sulfate was poor, and downstream inquiries have decreased, resulting in limited market transactions. Under the influence of negative factors, it is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.

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