1、 Price trend
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According to the monitoring data of the Business News Agency, the average ex-factory price of domestic ammonium sulfate was 1233 yuan/ton on February 3 and 1230 yuan/ton on February 9. The price of ammonium sulfate fell 0.27% this week.
2、 Market analysis
The market price of ammonium sulfate fell first and then rose this week. Due to the increase in downstream demand and the low inventory in the site, the bidding price of coking grade ammonium sulfate increased this week. The operating rate of domestic enterprises continued to increase, the supply of domestic enterprises increased, and the price of domestic ammonium sulfate decreased. The export order of ammonium sulfate was limited this week, and the international market performance was weak. As of February 9, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong is about 1250 yuan/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei is about 1350 yuan/ton. Domestic ammonium sulfate, the mainstream ex-factory price in Shandong is 1120-1220 yuan/ton.
The market of downstream compound fertilizer enterprises fluctuated slightly this week. The market of raw materials is stable for the time being, and there is no change in the cost side. At present, the compound fertilizer market is progressing steadily, and the transactions on the market are weak, and dealers are mainly cautious and wait-and-see.
3、 Aftermarket forecast
Analysts of ammonium sulfate from the Business Agency believe that the market price of ammonium sulfate has been fluctuating recently. The domestic market demand is stable, while the foreign market is weak. There is no major change in the supply side, and the downstream purchases as required. It is expected that the price of ammonium sulfate will continue to fluctuate and operate in the short term.
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