1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 990 yuan/ton on August 18th, and 926 yuan/ton on August 24th. This week, the domestic ammonium sulfate market price fell by 6.40%.
2、 Market analysis
The domestic ammonium sulfate market price has significantly decreased this week. This week, ammonium sulfate continued its previous week’s trend, with prices dropping from high levels. Recently, the international market for ammonium sulfate has performed poorly, with a significant price decline, which has a negative impact on the domestic market. Downstream compound fertilizer enterprises have increased their inquiries, but downstream and distributors have a resistance towards high prices. The trading volume in the ammonium sulfate market is limited, and the trading focus has declined. As of August 24th, the mainstream market quotation for coking grade ammonium sulfate in Hebei region is around 850-900 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 900-960 yuan/ton.
3、 Future Market Forecast
Analysts from Business Society’s ammonium sulfate market believe that the recent trend of ammonium sulfate market is weak, and market transactions are average. Although the demand for compound fertilizer enterprises has increased, the international market is weak and falling, and the domestic wait-and-see mentality is relatively strong. It is expected that the price of ammonium sulfate will continue to decline in the short term.
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