1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 19th was 911 yuan/ton, which is 0.18% lower than the average price of 913 yuan/ton on September 11th.
2、 Market analysis
In mid September, the price of ammonium sulfate in the domestic market slightly decreased. The profits of coking enterprises have decreased, with production restrictions being the main focus, and the operating rate at the domestic level has decreased. Downstream compound fertilizer enterprises have reduced inquiries and are more cautious in procurement. Recently, the weak trend in urea prices has had a negative impact on ammonium sulfate. The export demand is in high demand, and there is currently no significant improvement in the market. As of September 19th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 900 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 905-935 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has experienced a slight decline in recent days, with an overall stalemate as the main trend. At present, there is no positive news in the market, and the trading atmosphere is relatively weak. It is expected that in the short term, the domestic ammonium sulfate market will mainly operate in a narrow range of consolidation.
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