1、 Price trend
According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China was 566 yuan / ton on January 13 and 565 yuan / ton on January 21, with a price drop of 0.29%. So far, the ammonium sulphate commodity index on January 21 is 47.28, which is the same as yesterday, 55.51% lower than the highest point 106.28 (2012-05-24), and 29.00% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)
2、 Market analysis
Product: near the Spring Festival, at present, the ammonium sulfate Market is light running, and the price fluctuation is not big. The main quotation of ammonium sulfate in Central China is about 450-650 yuan / ton, that in Henan is 420-650 yuan / ton, that in Hebei is 480-730 yuan / ton, that in East China is 450-680 yuan, that in North China is 420-650 yuan / ton, and that in Northeast China is 450-650 yuan / ton.
Industrial chain: the price of raw materials is stable, and the market is unchanged. Lower reaches compound fertilizer enterprise market weak reorganization. The holiday is coming and the demand for products is weakening. Some enterprises are overhauled during the Spring Festival.
Industry: according to the price monitoring of the business agency, there are 20 kinds of commodities rising month on month in the second week of 2020 (1.13-1.17) in the list of commodity prices rising and falling in the chemical industry sector, the top three commodities rising are acetone (4.08%), acetic acid (3.92%) and dichloromethane (3.63%). There are 24 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three products falling are glycol (- 5.93%), propane (- 5.26%), and ammonium chloride (- 3.91%). This week’s average was – 0.08%.
3、 Future forecast
Analysts of ammonium sulphate of business association think that the market trend of ammonium sulphate before the festival is weak and the transaction is limited. Coking grade ammonium sulphate is in weak shock operation, and domestic grade ammonium sulphate is mainly transported in port. It is expected that ammonium sulfate will run smoothly in the short term.