1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average market price of ammonium sulfate in China was 870 yuan/ton on July 24th, and 1050 yuan/ton on July 28th. This week, the market price of ammonium sulfate increased by 20.69%.

2、 Market analysis

The domestic ammonium sulfate market price has significantly increased this week. At present, the inventory of ammonium sulfate market is low, and manufacturers and distributors are reluctant to sell, operating at high prices. The significant increase in urea prices this week has boosted the nitrogen fertilizer market and boosted the ammonium sulfate market. The bidding price of coking grade ammonium sulfate has significantly increased, and domestic grade ammonium sulfate has rapidly followed suit. The international market for ammonium sulfate is also improving, with increased buying. Downstream procurement is active, with stable support on the demand side. As of July 28th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1100 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1160-1170 yuan/ton.

According to the weekly K-bar chart of ammonium sulfate, it can be seen that the price of ammonium sulfate has increased significantly in recent days, with the largest increase being 20.69% on July 24th.

3、 Future Market Forecast

Analysts from the Business Society believe that due to the recent surge in urea, the ammonium sulfate market has continued to rise, and supported by export orders, ammonium sulfate is selling well. Currently, under the influence of positive factors, it is expected that the price of ammonium sulfate will continue to rise strongly in the short term.