SunSirs: The Ammonium Sulfate Market Fluctuated and Declined in June (June 1-27)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average factory price of ammonium sulfate in China was 753 RMB/ton on June 1st, and 663 RMB/ton on June 27th. The price of ammonium sulfate fell by 11.95% this month.

Analysis review

The ammonium sulfate market continued to weaken this month, with prices fluctuating and falling. This month, the coking grade ammonium sulfate was sorted at low levels and the price was adjusted narrowly. The quotation for domestic ammonium sulfate was lowered. The international market for ammonium sulfate remained weak, with fewer orders. The downstream composite fertilizer market was generally weak, with on-demand procurement being the main focus. This month, urea prices weakened, negatively affecting the ammonium sulfate market. As of June 27th, the mainstream factory quotation for coking grade ammonium sulfate in Henan region was around 670 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 700 RMB/ton.

According to the weekly fluctuations from March 27, 2023 to June 19, 2023, it can be seen that the price of domestic ammonium sulfate were mixed in the cycle. There was a significant decline in June, with the largest decline of 4.47% in the week of June 5th.

This month, the market trend of downstream compound fertilizer was weaker, and the price was low. The trend of composite fertilizer raw materials was not good, and cost support was weak. Downstream demand was sluggish, the shipment was not smooth, and short-term market conditions are difficult to improve.

Market outlook

Analysts from SunSirs believe that the demand for ammonium sulfate in domestic and foreign markets was poor recently, and the market had a strong wait-and-see atmosphere. The downstream market was sluggish, with small purchases of raw materials being the main focus, and dealers were cautious in their operations. It is expected that the price of ammonium sulfate will continue to decline in the short term.

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