1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 1003 yuan/ton on November 3, and 976 yuan/ton on November 9. This week, the domestic ammonium sulfate market price fell by 2.66%.

2、 Market analysis

The domestic ammonium sulfate market price continued to decline this week. At present, the market demand is poor, and downstream and dealer inquiries have decreased. The international market continues to weaken, which has a bearish impact on the domestic market. The bearish sentiment in the industry is obvious, so be cautious when operating. As of November 9th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 950 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 940-980 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society’s ammonium sulfate market believe that the recent trend of ammonium sulfate prices has continued to decline, with low downstream demand and relatively few transactions on the market. Currently, there is no positive support. It is expected that the domestic ammonium sulfate market trend will continue to be weak and downward in the short term.