1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on March 5th was 1328 yuan/ton, an increase of 9.18% compared to the average market price of 1216 yuan/ton on March 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have risen significantly, and the operating rate of ammonium sulfate has slightly adjusted. Due to the Middle East conflict, international urea prices have risen and domestic fertilizer raw material supply is tight, resulting in a continuous increase in ammonium sulfate prices. Downstream actively restocking, the bullish sentiment in the ammonium sulfate market is high, and bidding and transaction prices continue to rise.
market situation
As of March 5th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1250 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1320-1360 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market has been dominant. The market for ammonium sulfate is strong, and holders are mainly pushing prices. Affected by international factors and high support from urea, it is expected that the domestic ammonium sulfate market prices will continue to operate strongly in the short term.
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