Price trend
According to the monitoring data of SunSirs, the average domestic ex-factory price of ammonium sulfate was 1,186 RMB/ton on August 19, and the average domestic ex-factory price of ammonium sulfate was 1,220 RMB/ton on August 25. This week, the price of ammonium sulfate increased by 2.81%.
Analysis review
The price of ammonium sulfate rose this week, and the market conditions recovered. The downstream purchases were mainly on-demand, and the trading volume on the market increased, but there was still resistance to the high price of ammonium sulfate. Export inquiries increased, new orders limited. The bidding price of coking grade ammonium sulfate was raised, and the quotation of CPL grade ammonium sulfate also followed the rise. As of August 25, coking grade ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong, was about 1,190 yuan / ton. The mainstream ex-factory price of ammonium sulfate in Hebei was about 1,160 RMB/ton. CPL grade ammonium sulfate, the factory price in Shandong was 1,180-1,280 yuan / ton.
The trading atmosphere of the downstream compound fertilizer market increased this week. The price fluctuation of compound fertilizer raw materials decreased, the price of raw material urea rebounded and rose, and the cost support was favorable. The rise in the urea market was favorable for the ammonium sulfate market. Compound fertilizer manufacturers and distributors operated cautiously and mainly negotiated.
Market outlook
The ammonium sulfate analyst of SunSirs believes that although the current ammonium sulfate market has rebounded slightly, the demand side is still lacking in power, and the positive space is limited. It is expected that the price of ammonium sulfate will rise slightly in the short term, and it is recommended to pay attention to changes in the demand side.
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