1、 Price trend

According to the monitoring data of the Business News Agency, the average factory price of domestic ammonium sulfate on March 1 was 1116 yuan/ton, and the average factory price of domestic ammonium sulfate on March 29 was 890 yuan/ton. The price of ammonium sulfate fell by 20.30% this month.

2、 Market analysis

The price of ammonium sulfate fell sharply this month. In the first half of March, the market price of ammonium sulfate fluctuated slightly. The market demand for ammonium sulfate is stable, and downstream purchases are made on demand, with acceptable on-site trading. Export prices remained stable. In the second half of February, the price of ammonium sulfate continued to decline. The market demand for ammonium sulfate continues to weaken, with a small amount of downstream purchases and weak new orders. The export performance of ammonium sulfate is poor, and the market situation is sluggish. The bidding price of coking grade ammonium sulfate dropped significantly, and the domestic grade ammonium sulfate followed the downward trend. As of March 29, the mainstream ex-factory quotation for coking grade ammonium sulfate in Shandong is around 860 yuan/ton. The mainstream ex-factory quotation for domestic ammonium sulfate in Shandong is around 870-920 yuan/ton.

According to the weekly increase and decrease from January 2, 2023 to March 20, 2023, it can be seen that the rise and fall of domestic ammonium sulfate cycle are mixed. There was a significant decline in March, with the largest decline of -11.08% in the week of March 20.

The downstream compound fertilizer market is weak this month. The market for raw materials has weakened, and cost support has weakened. The manufacturer flexibly adjusts the price. The enthusiasm for terminal fertilizer use is not high, and the composite fertilizer market is dominated by low price transactions, with weak consolidation and operation in the short term.

3、 Aftermarket Forecast

According to ammonium sulfate analysts from the Business Agency, the recent downturn in the ammonium sulfate market has resulted in weak intramarket trading, and the industry is mostly on the sidelines. The performance of the international market is still poor, with low order prices. It is expected that the price of ammonium sulfate will be weak in the short term, and the main trend will be consolidation and operation.