1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on October 23 was 1070 yuan/ton, which is stable compared to the average market price of 1070 yuan/ton on October 17.
2、 Market analysis
supply and demand situation
This week, the domestic ammonium sulfate market prices have been running steadily. The operating rate of ammonium sulfate enterprises is relatively stable this week. Last week, the price of ammonium sulfate continued to rise, and the market’s cautious attitude increased, resulting in a stalemate in the price of ammonium sulfate. At present, the supply of ammonium sulfate in the market is stable, and downstream demand for replenishment is urgent. There is currently no favorable news internationally, and market transactions are limited.
market situation
As of October 23rd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 960 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1030-1080 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been running steadily in recent days. At present, there is a supply-demand game in the ammonium sulfate market, with a decrease in market trading volume and a wait-and-see attitude. It is expected that the domestic ammonium sulfate market will remain stagnant and operate in the short term.
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