1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on February 5th was 1160 yuan/ton, which is 0.58% higher than the average market price of 1153 yuan/ton on February 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have been steadily rising. This week, the operating rate of coking grade ammonium sulfate remained stable, while the operating rate of domestic grade ammonium sulfate was slightly adjusted, with little fluctuation in the supply side. The demand for ammonium sulfate in the market is stable, and downstream purchases are made on demand. There is a demand for replenishment before the holiday, and ammonium sulfate manufacturers have no pressure to ship.
market situation
As of February 5th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1085 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1130-1170 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. At present, the ammonium sulfate market is strong and optimistic, with a relatively balanced supply and demand side. It is expected that the domestic ammonium sulfate market price will be relatively strong in the short term and will continue to consolidate and operate.
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