1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market on April 1st was 756 yuan/ton, and on April 7th, the average price of domestic ammonium sulfate market was 773 yuan/ton. This week, the price of domestic ammonium sulfate market increased by 2.20%.
2、 Market analysis
This week, the domestic ammonium sulfate market price has stopped falling and risen. Due to the continuous decline in ammonium sulfate prices in the early stage, the market’s bottoming out mentality has increased, and the trading atmosphere has improved, resulting in an increase in the bidding price of ammonium sulfate. However, terminal demand remains weak, and downstream purchases are made on demand. This week, urea prices continue to weaken, with bearish factors still present. As of April 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 730 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 770-790 yuan/ton.
3、 Future Market Forecast
According to analysts from Business Society, the price of ammonium sulfate has rebounded and risen recently. The demand side is still sluggish, coupled with the poor urea market, the rebound space of the ammonium sulfate market is limited. It is expected that in the short term, the domestic ammonium sulfate price will mainly consolidate and operate within a narrow range.
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