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 22 was 910 yuan/ton, which is 3.19% lower than the average price of 940 yuan/ton on July 15.
2、 Market analysis
This week, the domestic ammonium sulfate market prices have mainly declined. This week, there has been frequent rainfall in many areas, resulting in poor transportation. The operating rate of coking enterprises remains stable, while the operating rate of domestic enterprises has increased. At present, the market supply is relatively sufficient, and the enthusiasm for downstream procurement has weakened. The main focus is on price cutting procurement, and the export market has not improved yet. As of July 22nd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 870 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 890-920 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been weak in recent days. At present, there is a decrease in market inquiries, weak domestic and international demand, and downstream cautious observation is the main focus. It is expected that the domestic price of ammonium sulfate will be weak in the short term and will be adjusted accordingly.
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