1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 896 yuan/ton on March 1st, and 890 yuan/ton on March 7th. This week, the price of domestic ammonium sulfate market decreased by 0.74%.
2、 Market analysis
The domestic ammonium sulfate market price has fallen this week. At present, the market trading is flat, and there is resistance from downstream towards high prices, resulting in low price transactions. Ammonium sulfate manufacturers and distributors have slightly adjusted prices and are actively shipping. As of March 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 830 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 920-940 yuan/ton.
3、 Future Market Forecast
Analysts from Business Society believe that the price of ammonium sulfate has been weakening recently. The market demand is average, and the transaction atmosphere is poor. It is expected that the domestic ammonium sulfate market will slightly weaken in the short term, with consolidation and operation being the main trend.
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