1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on August 7th was 1133 yuan/ton, which is 0.59% lower than the average price of 1140 yuan/ton on August 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market price first fell and then rose, and the operating rate of enterprises remained stable. At the beginning of the week, the trading atmosphere in the ammonium sulfate market was light, with high printing prices. Downstream caution is the main mentality, market transactions are limited, and manufacturers mainly place preliminary orders. Starting from Wednesday, downstream demand has increased, and international urea prices have risen, which is favorable for the ammonium sulfate market. The market price of ammonium sulfate has slightly increased.
market conditions
As of August 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1070 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1070-1120 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been strong and rising recently. At present, the supply of ammonium sulfate in the market is sufficient, and demand still needs to be released, with limited upward space. It is expected that the short-term domestic ammonium sulfate market will mainly focus on price consolidation and operation.
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