SunSirs: The Market Trend of Ammonium Sulfate in December First Suppressed and Then Rose
December 26 2024 14:45:43 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market was 825 RMB/ton on December 1st, and 826 RMB/ton on December 25th. The market price of ammonium sulfate has increased by 0.20% this month.
Analysis review
This month, the market price of ammonium sulfate first fell and then rose. The operating rate of coking enterprises has decreased this month, while the operating rate of domestic enterprises remains high. In early December, the domestic ammonium sulfate market prices fluctuated and fell. Downstream demand has weakened, purchasing intentions are not strong, market confidence is insufficient, and the transaction price of ammonium sulfate market has fallen. The international market for ammonium sulfate is mainly weak. In mid to late December, domestic ammonium sulfate prices showed a strong upward trend. Downstream enterprises purchase on demand, with an increase in inquiries and market trading volume. The bidding price for coking grade ammonium sulfate has slightly increased, while the price for domestic grade ammonium sulfate has slightly increased. As of December 25th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 765 RMB/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 820-860 RMB/ton.
According to the weekly K-bar chart from September 30, 2024 to December 16, 2024, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The price of ammonium sulfate fluctuated in December, with the largest increase of 0.61% in the week of December 16th and the largest decrease of 0.8% in the week of December 2nd.
Market outlook
An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been stabilizing and consolidating recently. Downstream on-demand procurement, on-site trading is still acceptable, and market demand remains. There is currently no significant improvement in the export market. It is expected that the domestic ammonium sulfate market will mainly experience price consolidation in the short term.
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