1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 12th was 956 yuan/ton, which is 0.17% higher than the average price of 955 yuan/ton on July 8th.
2、 Market analysis
This week, the domestic ammonium sulfate market price first rose and then fell, with narrow fluctuations being the main trend. This week, the operating rate of coking enterprises has remained stable, while the operating rate of domestic enterprises has increased. At present, the market supply is sufficient, and downstream inquiries have a good enthusiasm. Manufacturers prioritize price hikes, while distributors maintain a cautious attitude and buy at low prices. As of July 12th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 920 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 930-960 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been operating steadily in recent days. At present, although there has been an increase in on-site inquiries, there is still a high inventory of ammonium sulfate in the market, and the industry is adopting a wait-and-see attitude. It is expected that in the short term, the domestic ammonium sulfate prices will remain stagnant and the main focus will be on consolidation and operation.
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