1、 Price trend
According to monitoring data from the Business News Agency, the average factory price of domestic ammonium sulfate on March 10th was 1126 yuan/ton, while the average factory price of domestic ammonium sulfate on March 16th was 1073 yuan/ton. This week, the price of ammonium sulfate fell by 4.73%.
2、 Market analysis
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The market price of ammonium sulfate fell sharply this week. At present, the market demand for ammonium sulfate is sluggish, downstream procurement is cautious, and on-site trading is weak. The export performance of ammonium sulfate was poor, and the international quotation was lowered. This week, the bidding price of coking grade ammonium sulfate significantly decreased, while the domestic grade ammonium sulfate declined in a narrow range. As of March 16, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong Province was around 980 yuan/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei Province was around 950 yuan/ton. The mainstream ex-factory quotation for domestic ammonium sulfate in Shandong is 1080-1160 yuan/ton.
This week, the price trend of downstream compound fertilizer was weak. The price trend of raw materials is not good, and the composite fertilizer market is dominated by wait-and-see. At present, the transaction of new orders on the market is generally general, with orders mainly issued to old customers.
3、 Aftermarket Forecast
According to ammonium sulfate analysts from the Business News Agency, the domestic market for ammonium sulfate has been weak recently, with no improvement in foreign market demand. Under the leadership of negative market conditions, the ammonium sulfate market is moving downward. In the absence of positive conditions, it is expected that the price of ammonium sulfate will continue to decline in the short term.
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