SunSirs: Domestic Ammonium Sulfate Prices Were Steadily Rising (December 13-19)
December 20 2024 13:37:13 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 19th was 823 RMB/ton, an increase of 1.23% compared to the average price of 813 RMB/ton on December 13th.
Analysis review
This week, the price of ammonium sulfate in the domestic market had been steadily rising. The operating rate of coking enterprises remained stable, and the operating rate of domestic enterprises remained at a high level. This week, downstream enterprises purchased mainly on demand, with an increase in inquiries compared to last week and an increase in market trading volume. The bidding price for coking grade ammonium sulfate had slightly increased, while the price for domestic grade ammonium sulfate had slightly increased. As of December 19th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 765 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 820-860 RMB/ton.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been trending upwards recently. As of December 19th, the market trading direction was good, with a focus on low-priced restocking. Domestic and international demand still needed to be improved. It is expected that the domestic ammonium sulfate market will experience a narrow consolidation in the short term.
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