1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 883 yuan/ton on January 29th, and 880 yuan/ton on February 4th. This week, the domestic ammonium sulfate market price fell by 0.38%.
2、 Market analysis
This week, the domestic ammonium sulfate market prices have remained stable with minor fluctuations. As the Spring Festival approaches, the ammonium sulfate market has seen a decrease in inquiries and average trading on the market. Affected by snowfall in some parts of China, transportation is not smooth. As of February 4th, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 810 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 890-920 yuan/ton.
3、 Future Market Forecast
According to analysts from Business Society, the price of ammonium sulfate has been stabilizing recently. The pre holiday market transaction atmosphere weakened, and downstream procurement enthusiasm weakened. It is expected that the domestic ammonium sulfate market will remain stable and operate steadily in the short term.