1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average ex factory price of ammonium sulfate in China was 756 yuan/ton on December 1st, and 826 yuan/ton on December 27th. The price of ammonium sulfate increased by 9.25% this month.
2、 Market analysis
The market price of ammonium sulfate fluctuated and increased this month. In the first half of December, the domestic ammonium sulfate market saw a slight pullback after an increase in prices. The manufacturer mainly supports the price, while downstream and some distributors make up for the price. International demand remains sluggish, and there is no positive trend on the demand side. In the second half of December, the bidding price of domestic ammonium sulfate increased. Foreign orders have been followed up in small quantities, downstream demand is still acceptable, and market trading is good. Dealers are actively restocking and have a resistance towards high prices. As of December 27th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 740 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 850-880 yuan/ton.
According to the weekly K-bar chart from October 2, 2023 to December 18, 2023, it can be seen that the domestic ammonium sulfate cycle fluctuates. There was a significant increase in December, with the largest increase being 3.86% in the week ending December 18th.
3、 Future Market Forecast
The ammonium sulfate analyst from Business Society believes that the recent market trend of ammonium sulfate is relatively strong. At present, there is an increase in market inquiries and an improvement in demand. Downstream and distributors are actively acquiring goods. It is expected that the price trend of ammonium sulfate will be dominant in the short term.
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