1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market on June 24th was 983 yuan/ton, which is 1043 yuan/ton compared to the average price of domestic ammonium sulfate market on June 17th. The price of domestic ammonium sulfate market has decreased by 5.75%.
2、 Market analysis
This week, the domestic price of ammonium sulfate has fallen back. The enterprise has stable production and sufficient market supply. The international market transaction price is low, which is bearish for the domestic ammonium sulfate market. At present, downstream procurement enthusiasm has weakened, and the mentality of buying up instead of buying down has increased, resulting in insufficient transaction orders in the ammonium sulfate market. As of June 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 980 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 950-1020 yuan/ton.
3、 Future Market Forecast
According to analysts from Shengyishe Ammonium Sulfate, the market trend of ammonium sulfate has been declining recently, with prices continuing to decline. At present, there is no positive news in the market, and downstream procurement is cautious. It is expected that the domestic ammonium sulfate price will be weak in the short term.
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