SunSirs: Demand Cooling, Ammonium Sulfate Prices Fell (March 3-10)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on March 10th was 970 RMB/ton, which was 1.02% lower than the average price of 980 RMB/ton on March 3rd.

Analysis review

This week, the domestic ammonium sulfate market prices have weakened and fallen. The operating rate of coking enterprises remained stable, and the operating rate of CPL equipment was at a high level. As the price of ammonium sulfate continued to rise, downstream consumers had a resistance to high prices, resulting in a decrease in market transactions and a decline in ammonium sulfate prices. The decline in urea prices this week had a negative impact on ammonium sulfate. As of March 10th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 920 RMB/ton. CPL grade ammonium sulfate, the mainstream factory price in Shandong region was around 955-990 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the recent trend of ammonium sulfate market has been weak and downward, and market transactions were weak. As of March 10th, downstream demand was in urgent need of support, and demand was weakening. The market was adopting a cautious and wait-and-see attitude. It is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.

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