1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 756 yuan/ton on December 1st, and 783 yuan/ton on December 7th. This week, the domestic ammonium sulfate market price increased by 2.66%.

2、 Market analysis

The domestic ammonium sulfate market price has risen this week. The manufacturer mainly supports the price, and the bidding price for ammonium sulfate has been increased. Downstream and some distributors are buying at the bottom to replenish the goods. However, international demand remains sluggish, and there is no positive trend on the demand side. As of December 7th, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 780 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 750-820 yuan/ton.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Sulfate, the price trend of ammonium sulfate has been on the rise recently. Downstream and distributors have a strong mentality of bottoming out, but the demand side is still weak and the upward space is limited. It is expected that the domestic ammonium sulfate market will experience a slight upward trend in the short term.