1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on January 6th was 828 yuan/ton, an increase of 0.20% compared to the average price of 826 yuan/ton on January 1st.

2、 Market analysis

The price of ammonium sulfate in the domestic market has slightly increased this week. The operating rate of coking enterprises remains stable, while the operating rate of domestic enterprises has decreased. The supply of ammonium sulfate in the market has decreased, the source of goods is tight, and manufacturers are mainly raising prices. Ammonium sulfate can be purchased downstream according to demand, and the market demand is still acceptable. There are currently no favorable factors in the international market for ammonium sulfate, and the market is still weak. The recent decline in urea prices has a negative impact on domestic ammonium sulfate. As of January 6th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 810 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 830-860 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the domestic ammonium sulfate market has seen a decrease in spot prices recently, and the market trend has slightly increased. At present, downstream demand is stable, and foreign market trading is average. It is expected that in the short term, the domestic ammonium sulfate market will be dominated by price stagnation and consolidation.