Price trend

According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,363 RMB/ton on July 15, and the domestic average ex-factory price of ammonium sulfate was 1,336 RMB/ton on July 21. This week, the price of ammonium sulfate fell by 1.23%.

Analysis review

The price of ammonium sulfate continued to fall this week. The demand for ammonium sulfate in the market was weak, and downstream purchases were mainly on demand. Under the downward trend of ammonium sulfate, the industry mostly took a wait-and-see attitude. In terms of international exports, the price of ammonium sulfate was lowered. Manufacturers and distributors had more inventories, and the volume of ammonium sulfate was relatively small. In the short term, the downturn is difficult to change, and the weak market continues. As of July 21, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong was about 1,300 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,260 RMB/ton. For caprolactam grade ammonium sulfate, the mainstream ex-factory price in Shandong was 1,330-1,420 RMB/ton.

This week, the downstream compound fertilizer market continued to be weak, and the focus of market transactions moved down. The compound fertilizer raw materials urea and ammonium biphosphate have a poor trend, and the cost support of compound fertilizer is weak. Demand support was limited, and dealers operated cautiously. Most compound fertilizer manufacturers still suspended quotations.

Market outlook

The ammonium sulfate analyst of SunSirs believes that the ammonium sulfate market was still running weakly this week, and the current market is mainly bearish. There is a lot of supply in the market, and the demand side has yet to be released. It is expected that the price of ammonium sulfate will continue to decline in the short term.

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