Price Trend

According to the monitoring data of business associations, the market price of ammonium sulfate had been slightly lowered up to August 11. At the beginning of the week, the average price of domestic ammonium sulfate was 660 yuan/ton, while the average price of ammonium sulfate at weekend was 656 yuan/ton, down by 0.5%.

II. Market Analysis

Products: At present, the mainstream of ammonium sulfate in Shandong is quoted at 550-720 yuan/ton, the mainstream of ammonium sulfate in Northeast is quoted at 650 yuan/ton, the mainstream of ammonium sulfate in Henan is quoted at 600-700 yuan/ton, the mainstream of ammonium sulfate in Hebei is quoted at 600-680 yuan/ton, and the mainstream of ammonium sulfate in Shanxi is quoted at 550-620 yuan/ton. The mainstream ammonium sulfate factory quotation in East China is about 700 yuan/ton. Domestic coking grade ammonium sulfate market demand is sluggish, slow-moving goods, showing a downward trend. The price of ammonium sulfate of lactam grade is stable and the starting rate is still acceptable. Some enterprises plan to overhaul and wait and see in the future.

Industry chain: According to the price monitoring of business associations, the distribution price of sulphuric acid in Shandong has risen slightly this week. The quotation rose from 225.00 yuan/ton at the beginning of the week to 227.50 yuan/ton at the end of the week, up 2.50 yuan/ton, up 1.11%, down 48.88% from the same period last year. Overall, although the sulfuric acid market rose this week, due to supply and demand and raw materials and other factors, the sulfuric acid market tends to decline, and is expected to decline later. The market of downstream compound fertilizer enterprises tends to be flat and changeable, and the price of wheat fertilizer becomes clear in autumn. Enterprises are now operating rate of about 40%, affected by environmental protection, starting rate is at a low level, compound fertilizer enterprises are still cautious and cautious wait-and-see attitude. Fertilizer outbreaks in autumn occur from mid-late August to early September.

Industry: According to the price monitoring of business associations, in the 31 st week of 2019 (8.5-8.9), there were 16 commodities rising annually in the chemical sector, of which 2 commodities increased by more than 5%, accounting for 2.4% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (12.69%), acetic anhydride (10.50%) and butadiene (4.20%). There are 36 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are yellow phosphorus (-22.73%), sulfur (-5.81%) and propylene (-4.45%). Average gains and losses this week were -0.41%.

3. Future Market Forecast

Ammonium sulphate analysts believe that the domestic ammonium sulphate off-season market is flat and demand is limited, looking forward to the outbreak of fertilizer in autumn. The downstream compound fertilizer enterprises are relatively cautious and have no favorable support. Narrow fluctuation of coking grade market, weak downward trend, pre-ammonium sulfate pressure behavior. The price of hexalactam grade is firm and the previous order is the main one. It is expected that ammonium sulfate Market will continue to consolidate downward and fluctuate narrowly in the later period.