Price Trend

According to the monitoring data of business associations, the market price of ammonium sulphate dropped this week. The average price of ammonium sulphate at the beginning of the week was 656 yuan/ton, while the average price at the end of the week was 650 yuan/ton, down 1.02%. Compared with August 1 (660.00), it decreased by 1.52%.

II. Market Analysis

Products: At present, the mainstream of ammonium sulphate in Shandong is quoted 550-680 yuan/ton, the mainstream of ammonium sulphate in Northeast is quoted 650 yuan/ton, the mainstream of ammonium sulphate in Henan is quoted 600-700 yuan/ton, the mainstream of ammonium sulphate in Hebei is quoted 600-660 yuan/ton, and the mainstream of ammonium sulphate in Shanxi is quoted 550-650 yuan/ton. The mainstream ammonium sulfate factory quotation in East China is about 700 yuan/ton. Domestic coking grade ammonium sulfate Market is dominated by forward orders, with a small volume, and market prices continue to oscillate downward trend. The price of caprolactam ammonium sulphate is firm, and the price of caprolactam ammonium sulphate fluctuates in the region. The downstream of Shandong Province is affected by typhoon and the goods are moving slowly.

Industry chain: This week, the distribution price of sulphuric acid in Shandong fell slightly. The quotation fell from 225.00 yuan/ton at the beginning of the week to 217.50 yuan/ton at the end of the week, dropping 7.50 yuan/ton, or 3.33%, down 50.57% from the same period last year. Overall, this week’s sulphuric acid market has fallen, sulphuric acid manufacturers have less inventory and less downstream demand. The overall market trend of downstream compound fertilizer enterprises is stable, with a start-up rate of about 40%. The actual transaction price of the enterprise was lower than that of the earlier period. Compound fertilizer enterprises maintained a wait-and-see attitude and were not active in stockpiling.

Industry: According to the price monitoring of business associations, in the 32nd week of 2019 (8.12-8.18), there were 0 commodities rising or falling in the list of fertilizer prices, 4 commodities falling, and 5 commodities rising or falling to 0. The main commodities falling were liquid ammonia (-3.03%), urea (-1.45%) and ammonium sulfate (-1.02%). Average gains and losses this week were -0.69%.

3. Future Market Forecast

Ammonium sulfate analysts believe that the domestic ammonium sulfate Market as a whole price shock finishing, domestic demand for ammonium sulfate is limited. The downstream compound fertilizer enterprises still have no improvement in starting rate, which is weaker than the same period in previous years. Narrow fluctuations in the coking market range are downward. Prices at the internal level remain stable under the support of export orders, and each manufacturer does not rule out the possibility of price reduction. It is expected that the ammonium sulfate Market will continue to be weak downward in the later period, mainly in consolidation.