1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 975 yuan/ton on July 1st, and 903 yuan/ton on July 29th. The price of ammonium sulfate has dropped by 7.35% this month.
2、 Market analysis
The market price of ammonium sulfate has fluctuated and fallen this month. The operating rate of coking enterprises remains stable, while the operating rate of domestic enterprises has increased. This month, there has been frequent rainfall in many areas, resulting in poor transportation. The market supply is sufficient, and manufacturers mainly offer competitive prices. Downstream and distributors maintain a cautious attitude and buy at low prices. The international market situation has not improved yet, and domestic manufacturers are cautious and watching. As of July 29th, 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.
According to the weekly K-bar chart from April 29, 2024 to July 22, 2024, it can be seen that the domestic ammonium sulfate cycle is fluctuating. There was a significant decline in July, with the largest drop being -2.22% in the week of July 1st.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that logistics and transportation have been affected by typhoons and rainy weather in some areas recently. Downstream delivery capacity is limited, market transactions are poor, and current domestic and international demand is weak. It is expected that the short-term fluctuation of ammonium sulfate prices will be the main trend.
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