1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 776 yuan/ton on December 18th, and 806 yuan/ton on December 22nd. This week, the price of domestic ammonium sulfate market increased by 3.86%.

2、 Market analysis

The domestic ammonium sulfate market price has risen this week. At present, domestic demand is stable, and a small amount of foreign orders are being followed up. Downstream demand is still acceptable, purchase on demand, dealers replenish at low prices, and have a resistance to high prices. As of December 22, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 750-780 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 780-850 yuan/ton.

3、 Future Market Forecast

According to analysts from Business Society, the price trend of ammonium sulfate has been stable and rising recently. The supply side is stable, while the demand side needs to be released. It is expected that the domestic ammonium sulfate market will experience narrow fluctuations and consolidation in the short term.