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 14th was 943 yuan/ton, which is 2.75% lower than the average price of 970 yuan/ton on March 10th.

2、 Market analysis

This week, the domestic ammonium sulfate market continued its weak trend from last week, with prices continuing to decline. The operating rate of coking enterprises remains stable, while the operating rate of their own facilities has decreased. With the continuous decline in ammonium sulfate prices, the market’s mentality of buying up and not buying down has increased, and new orders in the market have decreased. Downstream urgent need for replenishment, insufficient purchasing intention. The international demand for ammonium sulfate has decreased, and negative factors have increased. As of March 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 950-990 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the market price of ammonium sulfate has been weak and declining recently. At present, the domestic and international market demand for ammonium sulfate is poor, and downstream inquiries have decreased, resulting in limited market transactions. Under the influence of negative factors, it is expected that the domestic ammonium sulfate market prices will continue to decline in the short term.