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 15th was 1060 yuan/ton, which was 1.24% lower than the average price of 1073 yuan/ton on May 9th.
2、 Market analysis
The price of ammonium sulfate in the domestic market has fallen this week. The operating rate of coke enterprises does not fluctuate significantly, and some caprolactam enterprises are operating at a reduced load. This week, the bidding price for coking grade ammonium sulfate has been lowered, and the price for domestic grade ammonium sulfate has slightly decreased. At present, the demand for ammonium sulfate in the market is light, and downstream inquiries have decreased. Therefore, caution and observation are the main focus. As of May 15th, 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 1045-1090 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market is mainly downward. At present, downstream demand for replenishment is high, and there is resistance to high prices, leading to a strong bearish sentiment in the market. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.
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