1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on February 11th was 916 yuan/ton, an increase of 4.17% compared to the average price of 880 yuan/ton on February 5th.

2、 Market analysis

The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remains stable, and the operating rate of their own equipment has increased. Ammonium sulfate manufacturers mainly offer high prices, while distributors actively operate. After the holiday, market demand increased and downstream pellet factories actively restocked, leading to a rise in market trading. Recently, urea prices have started to rise, which is favorable for the domestic ammonium sulfate market. As of February 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 900 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 950-980 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been improving recently, and the market price continues to rise. At present, downstream demand is increasing, and the market has a strong bullish atmosphere, dominated by favorable factors. It is expected that the domestic ammonium sulfate market price will continue to rise strongly in the short term.