1、 Price trend
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According to the Commodity Market Analysis System of Business Society, the reference average price of domestic ammonium sulfate on January 1 was 1243 yuan/ton, and on June 30, the reference average price of domestic ammonium sulfate was 686 yuan/ton. In the first half of 2023, the price of ammonium sulfate decreased by 44.77%.
2、 Market analysis
The ammonium sulfate market continued to weaken in the first half of 2023, with prices falling continuously. In the first half of the year, the demand for ammonium sulfate in the market continued to be weak, with a small amount of downstream procurement and excessive pressure on prices, resulting in weak new orders. The export performance of ammonium sulfate is poor, and the market situation is sluggish. The bidding price of coking grade ammonium sulfate has significantly decreased, with domestic grade ammonium sulfate following the downward trend. The continuous weakening of urea prices in the first half of the year has negatively impacted the ammonium sulfate market. As of June 30th, the mainstream factory quotation for coking grade ammonium sulfate in Henan region is around 670 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 700 yuan/ton.
According to the K-bar chart from January to June 2023, it can be seen that the domestic ammonium sulfate price decreased significantly in the first half of the year. The largest decline occurred in March, with a maximum decline of -21.79%.
3、 Future Market Forecast
Ammonium sulfate analysts from Business Society believe that due to the recent rise in urea prices, which is beneficial for the ammonium sulfate market, the price of ammonium sulfate has started to rise significantly. However, market demand is still weak, and new orders have limited transactions. It is expected that the high price of ammonium sulfate will be consolidated and operated in the short term.
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