1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on June 24th was 1343 yuan/ton, an increase of 26.13% compared to the average price of 1065 yuan/ton on June 17th.
2、 Market analysis
Supply and demand situation
This week, the price of ammonium sulfate in the domestic market has risen significantly, and the operating rate of enterprises has slightly adjusted. Partial maintenance of the caprolactam unit has led to a decrease in the supply of ammonium sulfate in the market. Recently, due to geopolitical events, some countries have suspended production and restricted the production of urea. The global nitrogen fertilizer supply has decreased, and the international urea price has risen significantly, which indirectly benefits the ammonium sulfate market. Due to the continuous rise in ammonium sulfate prices, downstream particle manufacturers are actively purchasing.
market conditions
As of June 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1200 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1300-1450 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market has been dominant. At present, the market remains optimistic, with manufacturers and traders mainly pushing prices. But after the continuous rise in ammonium sulfate prices, downstream caution has increased. It is expected that the domestic ammonium sulfate market price will be relatively strong in the short term and will continue to consolidate and operate.