1、 Price trend

According to the monitoring data of the business community, the average ex factory price of domestic ammonium sulfate was 1438 yuan/ton on September 13, and 1411 yuan/ton on September 16. The price of ammonium sulfate fell 1.85% this week.

2、 Market analysis

The market price of ammonium sulfate fell this week. Because the price of ammonium sulfate is at a high level, the downstream has a resistance to the high price of ammonium sulfate. In order to reduce inventory, enterprises have lowered prices slightly. The urea market rose this week, which was beneficial to the ammonium sulfate market. The downstream compound fertilizer market is heating up, the demand for raw materials is increasing, and the supply and demand of ammonium sulfate in the plant are stable. As of September 16, coking grade ammonium sulfate, the mainstream factory quotation of ammonium sulfate in Shandong Province was 1450 yuan/ton, and the mainstream factory quotation of ammonium sulfate in Hebei Province was about 1360 yuan/ton. Domestic ammonium sulfate, the mainstream factory quotation in Shandong is 1420-1580 yuan/ton.

This week, the downstream compound fertilizer market is warming up, the market turnover is good, and the purchase of ammonium sulfate is increasing. At present, wheat fertilizer is mainly sold in the compound fertilizer market. This week, the urea cost was supported well, and the agricultural demand was small, and the compound fertilizer plant actively followed up. It is expected that some regions will have limited production, and urea will rise slightly in the future.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that the current trend of ammonium sulfate market is high and falling, and the downstream price is depressed, but the market demand is stable. The supply of ammonium sulfate was sufficient, and the manufacturer lowered the price slightly to digest the inventory. It is expected that the market price of ammonium sulfate will fall slightly in the short term.