1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 921 yuan/ton on August 1st, and 913 yuan/ton on August 28th. The market price of ammonium sulfate has dropped by 0.90% this month.
2、 Market analysis
The market price of ammonium sulfate first fell and then rose in August. In the first half of August, the market price of ammonium sulfate weakened and declined. The operating rate of coking enterprises is relatively low, while the operating rate of internal level enterprises is relatively high. The enthusiasm for market procurement has weakened, and on-site trading is weak. The granule factory has a large inventory and the shipping market is not good. The export market for ammonium sulfate has not improved, and the confidence of exporters has been dampened. In the second half of August, the market price of ammonium sulfate fluctuated and rose. The operating rate of coking enterprises is relatively low, and some enterprises have limited production. The operating rate of internal level enterprises has also decreased. Downstream inquiries have increased, the focus of ammonium sulfate transactions has shifted upward, and market prices have risen. As of August 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 890 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 900-930 yuan/ton.
According to the weekly K-bar chart from June 3, 2024 to August 19, 2024, it can be seen that the domestic ammonium sulfate cycle is fluctuating. Ammonium sulfate experienced a significant decline in August, with the largest drop occurring in the week of August 12th at -1.82%.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that downstream demand is still acceptable in recent days, market inquiries have increased, and on-site trading is good. At present, export expectations are positive, and the price of ammonium sulfate has slightly increased. It is expected that in the short term, the domestic ammonium sulfate market prices will remain stable with a moderate upward trend.
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