1、 Trend analysis

As shown in the figure above, the spot price of copper fell by 10.00% compared with the price of 7209 tons at the beginning of the year, a slight decrease of 1.00% compared with the previous day.

The Shanghai nickel incident has had a certain impact on the market. Major exchanges have issued relevant regulatory measures, and the market sentiment has changed. Oil prices plummeted, and copper fell 3.46% overnight, falling below the 10000 yuan mark. Lun Ni’s suspension of trading has heated up the market’s cautious mood, and the weakness of Shanghai copper and the lack of bright spots in domestic downstream consumption. With the gradual release of market instability, prices will gradually stabilize. Copper prices are expected to be weak in the short term.

Trade name: ammonium sulfate

Latest price: 1603 yuan / ton

Key points of analysis: the price of ammonium sulfate rose on March 9, up 7.13% compared with the previous trading day. Today, ammonium sulfate continued yesterday’s rise, and the price continued to rise sharply. Due to the influence of the international situation, the price of urea rises and the market demand for ammonium sulfate increases greatly. The atmosphere in the venue was good and the number of inquiries increased. At present, the supply of ammonium sulfate is relatively tight, the demand at home and abroad increases, and the market is strong and rising in the short term.

Future forecast: the price of ammonium sulfate will rise in the short term.

Trade name: PC

Latest price (March 8): 22816.67 yuan / ton

Key points of analysis: the domestic PC market is rising actively, and the spot price has generally increased recently. On the supply side, some enterprises have maintenance plans, and the supply side is expected to increase gradually. The market worried more about the stability of petrochemical supply chain caused by the conflict between Russia and Ukraine. Affected by it, the upstream bisphenol a price increased and the PC cost side received strong support. Although the downstream demand is dominated by rigid demand, it has been in large volume in recent stages, with the superposition of market favorable factors.

Future forecast: it is expected that the PC market may continue to run stronger in the short term.

According to the data monitoring of business agency, the average price of propane in Shandong market was 7163.25 yuan / ton on March 4 and 7438.25 yuan / ton on March 7, with an increase of 3.84% during the period, an increase of 21.03% compared with February 1.

On the 7th, the domestic propane market price increased actively, and the increase range of Shandong propane market was 200-300 yuan / ton. The sharp rise in international crude oil prices has brought some support to the market. There is little pressure on market supply, but the demand is relatively weak. It is expected that the price of propane market will be strong in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1195 yuan / ton on February 28 and 1208 yuan / ton on March 4. The price of ammonium sulfate increased by 1.12% this week.

2、 Market analysis

In the early stage, the price of ammonium sulfate continued to fall. This week, the ammonium sulfate market gradually warmed up, and the market rebounded and rose. There was a strong rally atmosphere in the market, and traders actively pushed up. The bidding price of coking grade ammonium sulfate enterprises has been raised, and the internal grade ammonium sulfate is mainly supplied to old customers. The downstream demand side followed up in general, and was resistant to the high price of ammonium sulfate. As of March 4, coking grade ammonium sulfate, the mainstream factory quotation of ammonium sulfate in Shandong is 1200-1300 yuan / ton, the mainstream factory quotation of ammonium sulfate in Hebei is about 1200 yuan / ton, and the mainstream factory quotation of ammonium sulfate in Shanxi is 1100-1250 yuan / ton. Hexene grade ammonium sulfate, the factory quotation in Shandong is 1300-1350 yuan / ton.

This week, the downstream compound fertilizer was put into operation at a high level. Due to the rising price of compound fertilizer raw materials, most compound fertilizer enterprises have suspended their quotation. Most of the participants were optimistic, with a strong rising atmosphere, and the willingness of enterprises to support prices was obvious. In the short term, the high level of compound fertilizer is strong, and the market is mainly upward.

3、 Future forecast

The ammonium sulfate analyst of business society believes that at present, the trading atmosphere of ammonium sulfate is good, and the manufacturer sells at a high price. The downstream is mainly on-demand procurement, the demand side is waiting to be released, and the rising space is limited. The rise of urea is good for the market of ammonium sulfate. It is expected that ammonium sulfate will operate steadily and upward in the short term, mainly with small fluctuations.