1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on May 22 was 1035 yuan/ton, a decrease of 2.05% compared to the average price of 1056 yuan/ton on May 16.
2、 Market analysis
This week, the domestic ammonium sulfate market prices continued to decline. The operating rate of coke enterprises has not fluctuated much, and the operating rate of domestic enterprises has been slightly adjusted. This week, urea prices have weakened and fallen, which is bearish for the ammonium sulfate market. At present, particle manufacturers and downstream compound fertilizer enterprises are mainly in urgent need of replenishment, with a decrease in market inquiries and a strong wait-and-see attitude. As of May 22nd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 990 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1000-1060 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been weak and downward recently. At present, there is no positive news emerging in the market, and the demand for ammonium sulfate is light. It is expected that the domestic ammonium sulfate market price will continue to operate weakly in the short term.
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