1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1456 yuan/ton on October 8, and 1476 yuan/ton on October 13. The price of ammonium sulfate rose 1.37% this week.

2、 Market analysis

Ammonium sulfate market prices rose steadily this week, the market trading atmosphere was good, and the number of inquiries increased. Downstream procurement is mainly based on demand, and the high price is still a wait-and-see attitude. The urea price rose this week, which was beneficial to the ammonium sulfate market. The inventory of ammonium sulfate manufacturers decreased and the shipment was stable. The bidding price of coking ammonium sulfate was raised this week, and the domestic ammonium sulfate also showed an upward trend. As of October 13, coking grade ammonium sulfate was priced at 1450 yuan/ton in Shandong and 1420 yuan/ton in Hebei. Domestic ammonium sulfate, the mainstream factory quotation in Shandong is 1460-1580 yuan/ton.

The downstream compound fertilizer market was flat this week, and the wheat fertilizer has entered the final stage, mainly for negotiation. The raw materials are stable and the transaction is light. The price of urea rose this week, with a small amount of agricultural demand in stock and industrial demand gradually ending. In the future, urea rose slightly after shocks.

3、 Future market forecast

According to the ammonium sulfate analysts of the business community, the recent narrow adjustment of the ammonium sulfate market, the continuous follow-up of downstream demand, and the smooth shipment of enterprises. The stock of ammonium sulfate decreased and the market traded well. Under the condition of stable demand, the market price of ammonium sulfate is expected to rise slightly in the short term.