1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on April 8th was 1813 yuan/ton, an increase of 2.26% compared to the average market price of 1773 yuan/ton on April 1st.
2、 Market analysis
Supply and demand situation
This week, the price of ammonium sulfate in the domestic market continues to rise, and the operating rate of ammonium sulfate has slightly adjusted. International urea prices remain high, which is favorable for the ammonium sulfate market. The low price of ammonium sulfate has started to rise, and factory quotations are firm. There is currently no pressure to ship, and the price of ammonium sulfate continues to rise. Downstream procurement based on demand, with a focus on maintaining a cautious attitude.
market situation
As of April 8th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1620 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1790-1820 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has continued to rise recently. At present, favorable factors dominate, and the market remains optimistic, with the ammonium sulfate market operating steadily. It is expected that the domestic ammonium sulfate market price will continue to rise strongly in the short term.