1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1420 yuan/ton on November 18, and 1450 yuan/ton on November 24. The price of ammonium sulfate rose by 2.11% this week.

2、 Market analysis

This week’s ammonium sulfate market is the main actor. The operating rate of downstream compound fertilizer enterprises increased, the demand for winter storage procurement increased, the on-site turnover was fair, and the export demand continued to follow up. The operating rate of coking plant and caprolactam plant decreased slightly, and the supply of ammonium sulfate in the plant decreased. As of November 24, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1415 yuan/ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1420 yuan/ton. Domestic ammonium sulfate, the factory quotation in Shandong is 1400-1530 yuan/ton.

This week, the downstream compound fertilizer market was in a strong bullish atmosphere, and most enterprises began to stop quoting. Due to the continuous strengthening of the raw material market in the near future, the pressure on the cost of compound fertilizer has increased, and the manufacturer has raised the price accordingly. Under the influence of the raw material boost, the domestic compound fertilizer market is running well.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that at present, the market of ammonium sulfate is the main actor. The supply of ammonium sulfate on the market is reduced, the trading is increased, and the manufacturers are mainly paying high prices. Under the condition of stable demand, the price of ammonium sulfate is expected to rise steadily in the short term.