1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 11th was 963 yuan/ton, which is 6.17% lower than the average price of 1026 yuan/ton on September 5th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have weakened and fallen, while the operating rate of enterprises has remained stable. At present, the supply of ammonium sulfate market is sufficient, but the demand side continues to be weak, and new orders in the market are limited. Downstream procurement with multiple price pressures has led to a continuous decline in market transaction prices. The export market has not improved yet, and the market is mainly bearish.
market situation
As of September 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 930 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 920-970 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent market trend of ammonium sulfate is mainly weak and downward. At present, the supply of ammonium sulfate in the market exceeds demand, and the bidding prices on site have weakened, making it difficult to improve the short-term downturn. It is expected that the domestic ammonium sulfate market price will continue to be weak in the short term, with a mainly downward trend.