1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the average market price of ammonium sulfate in China was 696 yuan/ton on June 15th, and 696 yuan/ton on June 21st. The market price of ammonium sulfate remained stable this week.
2、 Market analysis
The domestic ammonium sulfate market remained stable this week. Low level finishing of coking grade ammonium sulfate, with stable prices and minor fluctuations. The domestic ammonium sulfate market is stable and the price remains stable. The export market is still sluggish, with fewer orders. The downstream composite fertilizer market is weakening, with limited demand for ammonium sulfate. As of June 21st, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 630 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 610-690 yuan/ton.
The weak consolidation and operation of the downstream compound fertilizer market was weak this week. The market for composite fertilizer raw materials is weakening, and cost support is weak. Downstream procurement is mainly based on demand, and the market has a strong wait-and-see sentiment. It is expected that the short-term composite fertilizer market will mainly be sorted and operated in a narrow range.
3、 Future Market Forecast
Analysts from the Business Society believe that the domestic ammonium sulfate market has been less volatile recently, with weak domestic and international demand. Downstream replenishment on demand, limited market trading. It is expected that the ammonium sulfate market will operate in a narrow range in the short term.
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