1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of ammonium sulfate in China was 813 yuan/ton on May 1st, and 848 yuan/ton on May 28th. The price of ammonium sulfate increased by 4.30% this month.

2、 Market analysis

The market price of ammonium sulfate has steadily increased this month. After the May Day holiday, the demand for downstream compound fertilizer market increased, and the enthusiasm for raw material procurement increased. The trading atmosphere in the ammonium sulfate market was good, and prices continued to rise. This month, urea prices have shown a positive trend, indirectly benefiting the ammonium sulfate market. The export market has not improved yet, and the focus of transactions is relatively weak. As of May 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 820 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 850-880 yuan/ton.

According to the weekly K-bar chart from March 4, 2024 to May 20, 2024, it can be seen that the domestic ammonium sulfate cycle has seen mixed ups and downs. Ammonium sulfate rose significantly in May, with the largest increase of 1.61% in the week of May 20th.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Sulfate, the demand for downstream compound fertilizers is gradually weakening, and new orders in the market are limited. However, with the support of essential demand, the price of ammonium sulfate remains strong, and international demand needs to be released. It is expected that the domestic ammonium sulfate market will mainly experience high level consolidation in the short term.