SunSirs: Domestic Ammonium Sulfate Prices Had Slightly Decreased (December 2-9)
December 10 2024 09:19:49 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on December 9th was 825 RMB/ton, which was 0.80% lower than the average price of 831 RMB/ton on December 2nd.
Analysis review
The price of ammonium sulfate in the domestic market had slightly decreased this week. The operating rate of coking enterprises remained stable, with a slight increase in the operating rate at the domestic level. This week, downstream demand had weakened and purchasing intentions were not strong. As of December 9th, market confidence was insufficient, and the transaction price of ammonium sulfate market had fallen. The international market for ammonium sulfate had not improved yet and remained mainly weak. As of December 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 780 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 820-845 RMB/ton.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been weak in recent days. As of December 9th, domestic market shipments were sluggish, and international market demand was sluggish. It is expected that the short-term domestic ammonium sulfate market price will continue to operate in a weaker trend.
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