1、 Price trend
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According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on October 21 was 883 yuan/ton, which is 3.28% lower than the average price of 913 yuan/ton on October 14.
2、 Market analysis
The price of ammonium sulfate in the domestic market has fallen this week. This week, the operating rate of ammonium sulfate enterprises has increased, and the market supply has increased. The downstream purchasing intention is not strong, the market inquiries have decreased, and there are many low-priced purchases, causing the market transaction center to continuously shift downwards. The demand for exports has weakened, and the market is running weakly. As of October 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 800 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 850-900 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been weak and declining recently, with the overall trend being mainly downward. At present, the market trading atmosphere is quiet, coupled with poor export market conditions. It is expected that the domestic ammonium sulfate market price will continue to operate weakly in the short term.
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