1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on November 21 was 815 yuan/ton, an increase of 1.24% compared to the average price of 805 yuan/ton on November 15.
2、 Market analysis
The price of ammonium sulfate in the domestic market has risen this week. The operating rate of coking enterprises remains stable, with a slight increase in the operating rate at the domestic level. This week, downstream demand has increased, and the transaction price of ammonium sulfate market has risen. The international market for ammonium sulfate has not improved yet and remains mainly weak. As of November 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 770 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 820-850 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has stabilized after a slight increase in recent days. Downstream demand for replenishment remains cautious towards high priced ammonium sulfate. At present, the export market situation is not good, and the domestic ammonium sulfate has insufficient upward momentum. It is expected that in the short term, the domestic ammonium sulfate market will mainly experience a narrow range of price consolidation and operation.
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