SunSirs: Domestic Ammonium Sulfate Prices Tended to Be Stronger and Rose (January 6-13)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on January 13th was 850 RMB/ton, an increase of 2.62% compared to the average price of 828 RMB/ton on January 6th.

Analysis review

The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remained stable, while the operating rate of domestic enterprises has decreased. As of January 13th, the supply of ammonium sulfate in the market was tight, downstream particle manufacturers were actively restocking, market inquiries were increasing, and on-site trading was good. Recently, the price of urea has rebounded, and the negative factors for ammonium sulfate have weakened. As of January 13th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 815 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 850-890 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that there has been a decrease in spot inventory in the domestic ammonium sulfate market recently, and the focus of market transactions has been continuously shifting upwards. The manufacturer's main focus was on raising prices, and the downstream mentality of buying up and not buying down has increased. It is expected that the domestic ammonium sulfate market will experience a upward trend in price in the short term.

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