1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 850 yuan/ton on March 15th, and 816 yuan/ton on March 21st. This week, the domestic ammonium sulfate market price fell by 3.92%.

2、 Market analysis

The domestic ammonium sulfate market price has fallen this week. At present, the trading volume in the ammonium sulfate market is sluggish, and downstream purchases are in high demand. There is a resistance to high prices and many transactions are made at low prices. Recently, the price of urea has weakened, coupled with the fact that the export market has not improved, which is bearish for the domestic ammonium sulfate market. As of March 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Hebei region is around 750-805 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 830-850 yuan/ton.

3、 Future Market Forecast

According to analysts from Business Society, the price trend of ammonium sulfate has recently declined. The demand side continues to be sluggish, with poor domestic and international market conditions. At present, it is difficult to find favorable market conditions, and it is expected that the domestic ammonium sulfate price will continue to decline weakly in the short term.