Price trend
According to the Commodity Market Analysis System of SunSirs, the average factory price of domestic ammonium sulfate on April 7th was 880 RMB/ton. On April 13th, the average factory price of domestic ammonium sulfate was 843 RMB/ton. This week, the price of ammonium sulfate was decreased by 4.17%.
Analysis review
The market price of ammonium sulfate fell this week. This week, the ammonium sulfate market continued its downward trend, with fewer inquiries on the market and poor trading performance. The international market performance of ammonium sulfate was sluggish, transactions were mainly at low prices. This week, the bidding price of coking ammonium sulfate was lowered, and CPL ammonium sulfate continued to fall. As of April 13th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 780-820 RMB/ton. The mainstream factory quotation for CPL ammonium sulfate in Shandong was around 840-860 RMB/ton.
This week, the price trend of downstream compound fertilizers was moving downwards, and the operating rate of enterprises decreased. The raw material market was poor, and the cost support for compound fertilizers was weakened. The market trading volume was relatively low, downstream demand was weak, and the compound fertilizer market will be weaker in the short term.
Market outlook
Analysts from SunSirs believe that the ammonium sulfate market was still sluggish and the market supply was stable in recent days. Downstream inquiries decreased, and the transaction atmosphere was light. In the absence of favorable conditions, it is expected that the ammonium sulfate market will continue to be weaker in the short term
