1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on January 12th was 1063 yuan/ton, which is 1.59% higher than the average market price of 1046 yuan/ton on January 5th.
2、 Market analysis
supply and demand situation
This week, the domestic ammonium sulfate market prices have been rising. This week, the operating rate of coking grade ammonium sulfate remained stable, while the operating rate of domestic grade ammonium sulfate decreased, resulting in a decrease in market supply. This week, the price of urea has risen, which indirectly benefits the ammonium sulfate market. The demand for ammonium sulfate in the market is stable, and the transaction atmosphere is improving. However, downstream procurement remains cautious, with a focus on low-priced purchases.
market situation
As of January 12th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 910 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1020-1070 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent strong upward trend in the ammonium sulfate market is the main trend. At present, the market for ammonium sulfate is improving, with manufacturers and distributors mainly pushing prices. The terminal demand is average, and the upward space is limited. It is expected that in the short term, the domestic ammonium sulfate market will be dominated by strong price consolidation and operation.