1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate on August 1 was 1246 yuan / ton, and the average factory price of domestic ammonium sulfate on August 30 was 1211 yuan / ton. The price of ammonium sulfate in this month decreased by 2.81%.

2、 Market analysis

The ammonium sulfate market rebounded after falling this month. In the first half of August, the price of ammonium sulfate continued to fall. The market demand for ammonium sulfate is sluggish, the downstream takes goods according to demand, and the on-site transaction is not good. The supply of manufacturers and dealers is sufficient, and enterprises continue to reduce prices in order to digest inventory. In terms of international export, the market demand for ammonium sulfate is also weak. In the second half of August, the price of ammonium sulfate began to rebound and rise. The market demand for ammonium sulfate has a certain support, and the low level begins to make up. The supply of ammonium sulfate in the site is sufficient, and the downstream is mainly purchased on demand, with a general transaction. The urea market rose steadily, which was favorable to the ammonium sulfate Market. As of August 30, the main factory price of coking grade ammonium sulfate in Shandong is about 1190 yuan / ton, and the main factory price of ammonium sulfate in Hebei is about 1160 yuan / ton. The ex factory price of Hexi grade ammonium sulfate in Shandong Province is 1180-1320 yuan / ton.

Since the beginning of August, the downstream compound fertilizer market was weak, and the commencement was at a low level. The demand for ammonium sulfate was weak, and most compound fertilizer enterprises suspended their quotations. In late August, the trading atmosphere of the compound fertilizer market increased, the price of urea, the raw material of compound fertilizer, rebounded and rose, and the cost support was good. The rise of urea market is favorable to the market of ammonium sulfate.

According to the weekly fluctuation chart from June 6, 2022 to August 28, 2022, it can be seen that the domestic ammonium sulfate has a large decline range in the cycle. The largest increase was 5.64% in the week of August 15, and the largest decrease was – 7.52% in the week of July 11.

3、 Future forecast

According to the ammonium sulfate analyst of the business community, the urea market has risen recently, and the trading atmosphere of the nitrogen fertilizer market has increased. Domestic autumn fertilizer demand began to release, the downstream began to follow up, and the favorable factors in the field increased. It is expected that the price of ammonium sulfate will rise in the short term.