1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on January 16th was 1096 yuan/ton, which is 3.14% higher than the average market price of 1063 yuan/ton on January 12th.
2、 Market analysis
supply and demand situation
The price of ammonium sulfate in the domestic market has continued to rise this week. This week, the operating rate of coking grade ammonium sulfate remained stable, while the operating rate of domestic grade ammonium sulfate was relatively low, resulting in tight market supply. At present, ammonium sulfate manufacturers have no pressure on shipments and mainly focus on raising prices. Downstream on-demand procurement has increased the mentality of buying when prices rise and not buying when prices fall. The enthusiasm for restocking has also increased, and the trading atmosphere in the ammonium sulfate market has improved.
market situation
As of January 16th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 970 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1070-1110 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent strong upward trend in the ammonium sulfate market is the main trend. At present, the ammonium sulfate market is improving and terminal demand is increasing. It is expected that the short-term domestic ammonium sulfate market price will continue to operate strongly.
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