1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 5th was 1026 yuan/ton, which is 2.53% lower than the average price of 1053 yuan/ton on September 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have been weak and declining. The operating rate of coke enterprises remains stable, while the operating rate of domestic enterprises has slightly increased. At present, the supply of ammonium sulfate in the market is sufficient, while domestic and international demand is weak. Downstream on-demand procurement, mainly bearish sentiment, poor market transaction atmosphere, and difficulty in improving short-term demand.
market situation
As of September 5th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 950 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 960-1010 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent market trend of ammonium sulfate is mainly weak. At present, the transaction volume in the ammonium sulfate market is weak, downstream purchasing enthusiasm has weakened, and exports remain weak. It is expected that the short-term domestic ammonium sulfate market price will mainly operate weakly.