1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average price of ammonium sulfate in the domestic market on June 18th was 1033 yuan/ton, which is 961 yuan/ton higher than the average price on June 10th. The price of ammonium sulfate in the domestic market has increased by 7.45%.
2、 Market analysis
In mid June, the price of ammonium sulfate in China has significantly increased. The enterprise has stable production and sufficient market supply. Downstream procurement enthusiasm has increased, and market inquiries have increased. The rise in international market prices is beneficial for the domestic ammonium sulfate market. As the price of ammonium sulfate continues to rise, downstream customers are beginning to cautiously accept goods, and the upward trend of ammonium sulfate is slowing down. As of June 18th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1045 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 1030-1070 yuan/ton.
3、 Future Market Forecast
According to analysts from Business Society, the upward momentum of the ammonium sulfate market has slowed down recently, and the price of ammonium sulfate has adjusted narrowly. At present, there are still positive factors, but downstream caution has increased. It is expected that the domestic ammonium sulfate price will mainly fluctuate, consolidate and operate in the short term.
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