1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on April 22 was 1066 yuan/ton, an increase of 3.06% compared to the average price of 1035 yuan/ton on April 14.
2、 Market analysis
After the domestic ammonium sulfate market price rose this week, it has been consolidating and operating. The operating rate of coking enterprises remains stable, and the operating rate of their internal equipment is at a low level. At the beginning of the week, domestic ammonium sulfate prices continued to rise. After the continuous increase in ammonium sulfate prices, downstream replenishment enthusiasm weakened, and there was resistance to high prices. The ammonium sulfate market began to consolidate and operate. As of April 22nd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1030 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1040-1090 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent market trend of ammonium sulfate has been narrowly adjusted and operated. At present, downstream procurement urgently requires replenishment, and the ammonium sulfate market adopts a cautious and wait-and-see attitude, with manufacturers mainly pushing prices. It is expected that the domestic ammonium sulfate market will remain stagnant and operate in the short term.