1、 Price trend
According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1813 yuan / ton on May 1 and 1820 yuan / ton on May 10. The price of ammonium sulfate increased by 0.37% this week.
2、 Market analysis
After the festival, the price of ammonium sulfate fluctuated slightly and fluctuated at a high level. Due to the continuous rise of ammonium sulfate before the festival, the inquiry of ammonium sulfate after the festival increased. Downstream enterprises and dealers are mainly cautious and wait-and-see, and it is expected that there will still be an upward trend in the short term. This week, the bidding price of coking grade ammonium sulfate enterprises was slightly adjusted, and the high price of self grade ammonium sulfate was mainly strong. Urea continued to rise, which was good for the market of ammonium sulfate. As of May 10, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1750 yuan / ton. Hexene grade ammonium sulfate, the mainstream factory quotation in Shandong is 1820-1940 yuan / ton.
The downstream compound fertilizer market was strong this week. The bullish atmosphere increased. Due to the sharp rise of urea, monoammonium phosphate and potassium fertilizer as raw materials of compound fertilizer and the increase of cost pressure, some compound fertilizer enterprises suspended their quotation and mainly issued early orders.
3、 Future forecast
The ammonium sulfate analyst of business society believes that the current ammonium sulfate market may rise again and the downstream inquiry will increase. There was a strong buying atmosphere in the venue, but the transaction was limited. Urea continues to rise, which is good for the market of ammonium sulfate. It is expected that the price of ammonium sulfate will fluctuate and rise in the short term.