1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of ammonium sulfate in China was 886 yuan/ton on June 3rd, and 961 yuan/ton on June 7th. This week, the domestic ammonium sulfate market price increased by 8.46%.
2、 Market analysis
This week, the domestic ammonium sulfate market price has significantly increased. At present, the operating rate of coking enterprises is relatively low, and domestic enterprises are operating relatively steadily. This week’s increase in urea prices has boosted the nitrogen fertilizer market, driving up the ammonium sulfate market significantly. The mentality of buying up instead of falling downstream has increased, and the purchasing enthusiasm has increased. As of June 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 935 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 980-1000 yuan/ton.
3、 Future Market Forecast
According to analysts from Shengyishe Ammonium Sulfate, the market price of ammonium sulfate has rapidly increased in recent days, and market trading has increased. Manufacturers are mainly hesitant to sell. It is expected that the domestic ammonium sulfate price will continue to be strong in the short term.
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