Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on April 3 was 960 RMB/ton, an increase of 2.86% compared to the average price of 933 RMB/ton on March 31.
Analysis review
This week, the domestic ammonium sulfate market prices have shown a strong upward trend. The operating rate of coking enterprises remained stable, while the operating rate of their own facilities has decreased. Recently, the international urea market has risen, which indirectly benefited the ammonium sulfate market. As of April 3rd, the bullish sentiment in the market has increased, and downstream procurement enthusiasm has improved, resulting in good trading in the ammonium sulfate market. As of April 3rd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 880 RMB/ton. CLP grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 940-980 RMB/ton.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been trending upwards recently. As of April 3rd, the supply of ammonium sulfate in the market was decreasing, downstream demand was stable, and manufacturers and distributors were mainly raising prices. It is expected that the domestic ammonium sulfate market price will remain stable and rise in the short term.
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