1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on March 10th was 970 yuan/ton, which is 1.02% lower than the average price of 980 yuan/ton on March 3rd.

2、 Market analysis

This week, the domestic ammonium sulfate market prices have weakened and fallen. The operating rate of coking enterprises remains stable, and the operating rate of their internal equipment is at a high level. As the price of ammonium sulfate continues to rise, downstream consumers have a resistance to high prices, resulting in a decrease in market transactions and a decline in ammonium sulfate prices. The decline in urea prices this week has a negative impact on ammonium sulfate. As of March 10th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 920 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 955-990 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the recent trend of ammonium sulfate market is weak and downward, and market transactions are weak. At present, downstream demand is in urgent need of support, and demand is weakening. The market is adopting a cautious and wait-and-see attitude. It is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.