SunSirs: The Domestic Ammonium Sulfate Market Experienced a Slight Decline (December 9-13)
December 16 2024 15:12:43 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 13th was 813 RMB/ton, which was 0.41% lower than the average price of 816 RMB/ton on December 9th.
Analysis review
The price of ammonium sulfate in the domestic market had slightly decreased this week. The operating rate of coking enterprises remained stable, while the operating rate of domestic enterprises had slightly decreased. This week, downstream demand was average, with price cutting procurement being the main focus and weak market transactions. The international market for ammonium sulfate was still weak, with no short-term improvement, which was bearish for the domestic market. As of December 13th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 750 RMB/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 820-850 RMB/ton.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has recently undergone a narrow adjustment. As of December 13th, the domestic and international market conditions were not good, and market trading was average. Without any favorable factors, it is expected that the domestic ammonium sulfate market price will remain stable with a weaker trend in the short term.
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