1、 Price trend
| Thiourea |
According to the monitoring data of the Business News Agency, the average factory price of domestic ammonium sulfate on March 17 was 1063 yuan/ton, and the average factory price of domestic ammonium sulfate on March 23 was 950 yuan/ton. This week, the price of ammonium sulfate fell 10.66%.
2、 Market analysis
The market price of ammonium sulfate fell sharply this week. At present, the market demand for ammonium sulfate continues to weaken, with a small amount of downstream purchases and weak new orders. The export performance of ammonium sulfate is poor, and the market situation is sluggish. This week, the bidding price of coking grade ammonium sulfate fell sharply, with domestic grade ammonium sulfate following the downward trend. As of March 23, the mainstream ex-factory quotation for coking grade ammonium sulfate in Shandong is around 870 yuan/ton. The mainstream ex-factory quotation for domestic ammonium sulfate in Shandong is 950-980 yuan/ton.
The price trend of downstream compound fertilizer is weak this week. The price of raw materials has declined, and the cost support for compound fertilizers has weakened. The industry is dominated by wait-and-see, with fewer transactions on the market and a light market atmosphere. It is expected that the compound fertilizer market will be weak in the short term.
3、 Aftermarket Forecast
According to ammonium sulfate analysts from the Business Agency, the domestic market for ammonium sulfate has continued to weaken recently, while the foreign market is still sluggish. Currently, the enthusiasm for downstream procurement is not high. Under the guidance of negative factors, it is expected that the ammonium sulfate market will continue to be weak in the short term, mainly due to consolidation and operation.
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