1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the average price of domestic ammonium sulfate market was 980 yuan/ton on November 10th, and 950 yuan/ton on November 16th. This week, the domestic ammonium sulfate market price fell by 3.06%.
2、 Market analysis
The domestic ammonium sulfate market price continued to decline this week. At present, market demand is weak and transactions are weak. Downstream and dealer inquiries are relatively few, resulting in an increase in the operating rate of downstream composite fertilizers and a demand for procurement of ammonium sulfate. The low prices in the international market have a bearish impact on the domestic market. As of November 16th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 900-930 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 940-980 yuan/ton.
3、 Future Market Forecast
Analysts from Business Society’s ammonium sulfate market believe that the bidding price for ammonium sulfate has been continuously lowered recently, and the market situation has remained sluggish. The trading volume on the market is relatively low, and the bearish sentiment in the market remains. It is expected that the short-term market price of ammonium sulfate will be mainly weak and declining.
| http://www.thiourea.net |