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 20th was 936 yuan/ton, which was 0.71% lower than the average price of 943 yuan/ton on March 14th.

2、 Market analysis

This week, the domestic ammonium sulfate market prices continued to decline. The operating rate of coking enterprises remains stable, while the operating rate of their own facilities has decreased. At present, there is insufficient market demand, and downstream procurement enthusiasm is poor, resulting in a decrease in trading in the ammonium sulfate market. The international market for ammonium sulfate is weak, which is bearish for the domestic market. As of March 20th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 940-970 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, there is no positive news in the ammonium sulfate market, and the domestic and international demand situation is not good. Downstream procurement is cautious. It is expected that the domestic ammonium sulfate market price will continue to weaken and decline in the short term.