1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1510 yuan/ton on October 31, and 1500 yuan/ton on November 4. The price of ammonium sulfate fell 0.66% this week.

2、 Market analysis

Ammonium sulfate market fluctuated slightly this week, with prices falling first and then rising. At present, the supply side of ammonium sulfate has not changed, and the transaction on the market is average. Downstream procurement is mainly based on demand, and there is still resistance to high prices. The export demand is weak and the overall performance is poor. The bidding price of coking ammonium sulfate decreased slightly this week, and the price of domestic ammonium sulfate fluctuated in a narrow range. As of November 4, coking grade ammonium sulfate was priced at about 1450 yuan/ton in Shandong and 1430 yuan/ton in Hebei. Domestic ammonium sulfate, the mainstream factory quotation in Shandong is 1500-1540 yuan/ton.

This week, the downstream compound fertilizer market was mainly waiting for consolidation and operation. Due to the poor winter storage market, the demand for raw materials weakened. The turnover in the compound fertilizer field is light, waiting for the introduction of the winter storage policy, and there is no good at present.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that the ammonium sulfate market has been slightly shaken recently, the downstream demand is stable, the transaction is fair, and the manufacturers and dealers are still cautious. It is expected that ammonium sulfate will continue to operate in a shock consolidation manner in the short term.