1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on August 22 was 1096 yuan/ton, which was 0.60% lower than the average price of 1103 yuan/ton on August 18.
2、 Market analysis
Supply and demand situation
The price of ammonium sulfate in the domestic market has slightly decreased this week. The operating rate of coke enterprises remains stable, while the operating rate of domestic enterprises has decreased. At present, the ammonium sulfate market has sufficient supply and weak demand. Downstream demand for replenishment is increasing, with more low-priced purchases and reduced purchasing enthusiasm. The trading atmosphere in the ammonium sulfate market is light and there are currently no favorable factors.
market situation
As of August 22nd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1000 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1030-1090 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been weak and downward recently. At present, the trading atmosphere in the ammonium sulfate market is not good, and downstream purchasing sentiment is not high. There is currently no positive news for exports. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.
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