Price trend

According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,790 RMB/ton on April 18, and the average domestic ex-factory price of ammonium sulfate was 1,803 RMB/ton on April 22. This week, the price of ammonium sulfate increased by 0.74%.

Analysis review

This week, the price of ammonium sulfate first fell and then rose, and the market fluctuated slightly. At the beginning of the week, ammonium sulfate fell steadily, and the market rebounded on Friday. As of the 22nd, the on-site transaction of ammonium sulfate was smooth, and the downstream just needed to replenish, and there was still resistance to the high price. This week, the bidding price of coking grade ammonium sulfate enterprises was slightly increased, and the price of CPL grade ammonium sulfate was high and firm. As of April 22, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong, was about 1,820 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,700 RMB/ton. CPL grade ammonium sulfate, the ex-factory price in Shandong was 1,750-1,950 RMB/ton.

The downstream compound fertilizer market was firm at a high level this week. Due to the better raw material market, the company planned to raise the quotation, and the market atmosphere was good. It was still dominated by previous orders, the focus of transactions had generally moved up, and there were fewer low prices.

Market outlook

The ammonium sulfate analyst of SunSirs believes that it is currently the spring ploughing season and the peak season for domestic fertilizer use, and the downstream will follow up as needed. The atmosphere in the ammonium sulfate market is good and the trading is smooth. Due to the impact of the domestic epidemic, transportation in some areas is blocked. The price of ammonium sulfate is expected to rise slightly in the short term.

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