1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 1126 yuan/ton on October 16th, and 1120 yuan/ton on October 23rd. This week, the domestic ammonium sulfate market price fell by 0.59%.

2、 Market analysis

The domestic ammonium sulfate market price has slightly declined this week. Although the urea market has risen, the current domestic and international demand is poor, and the bidding price of ammonium sulfate has been lowered. The market is mainly cautious and wait-and-see, while dealers have poor enthusiasm for purchasing goods. Downstream compound fertilizer enterprises have reduced operating rates and reduced demand for ammonium sulfate procurement. As of October 23rd, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1050 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1080-1130 yuan/ton.

3、 Future Market Forecast

Analysts from Business Society’s ammonium sulfate market believe that the recent downward trend in ammonium sulfate prices has resulted in low purchasing enthusiasm from downstream and distributors. At present, market demand is weak, and it is expected that the price of ammonium sulfate will mainly decline in the short term.