I. price trend
The market price of ammonium sulphate fell this month, according to the data in the bulk list of business agencies. On October 1, the average domestic ex factory price of ammonium sulfate was 636 yuan / ton, and on October 31, the average domestic ex factory price of ammonium sulfate was 616 yuan / ton, with a 3.14% drop in price. So far, the ammonium sulfate commodity index on November 5 is 47.56, down 4.04 points from yesterday, 55.25% from the highest point 106.28 (2012-05-24), and 29.77% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)
|Sulfamic acid 99.50%|
II. Market analysis
Products: in October, the main factory quotation of ammonium sulfate in Central China is about 500-700 yuan / ton, that in Henan is about 500-700 yuan / ton, that in Hebei is 520-750 yuan / ton, that in East China is 530-600 yuan, and that in North China is 460-550 yuan. Due to the lack of terminal demand, the overall price of domestic coking grade ammonium sulphate was lowered this month, and the price of domestic grade ammonium sulphate was lowered.
Industry chain: the domestic sulfuric acid plants run smoothly, the enthusiasm of downstream customers for sulfuric acid procurement rises, and the ex factory price of sulfuric acid rises in the future. Sulfuric acid enterprises often issue early orders, short-term construction is insufficient, and supply is slightly tight. Compound fertilizer enterprises are stuck in consolidation, cost and price decline, and the industry is lack of confidence in the future market. Close to the conference on phosphorus and compound fertilizer, most of them hold a wait-and-see attitude.
Industry: according to the price monitoring of the business agency, in October 2019, there were 20 kinds of commodities rising month on month in the list of commodity price rise and fall in the chemical industry sector, including 8 kinds of commodities rising by more than 5%, accounting for 9.5% of the number of commodities monitored in the sector; the top three commodities were hydrogen peroxide (25.36%), epichlorohydrin (25.33%) and sulfur (19.54%) There are 56 kinds of commodities falling on a month on month basis, 29 kinds of commodities falling by more than 5%, accounting for 34.5% of the number of commodities monitored in this sector; the top three products falling are nitric acid (- 30.41%), butadiene (- 19.30%) and acetic acid (- 18.84%). This month’s average rise and fall was – 2.82%.
III. future forecast
According to analysts of ammonium sulfate of business association, due to insufficient demand of domestic and foreign markets, coking grade ammonium sulfate fell this month, while domestic grade ammonium sulfate fell. In October, the market of ammonium sulfate was weak, and the market trend was not ideal. It is expected that the market of ammonium sulfate in the later period will be dominated by weak shocks.