1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 9th was 911 yuan/ton, a decrease of 1.62% compared to the average price of 926 yuan/ton on September 1st.
2、 Market analysis
Since September, the overall price of ammonium sulfate in the domestic market has been weak and declining. The operating rate of coking enterprises remains stable, while the operating rate of internal level enterprises has decreased. Downstream demand has weakened, inquiries have decreased, and there is a resistance to high prices. The recent export market has not met expectations, coupled with the decline in urea prices, which has a negative impact on ammonium sulfate. As of September 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 900 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 905-935 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has recently experienced narrow fluctuations and consolidation. At present, the downstream purchasing intention is not strong, and the export market is flat. It is expected that the domestic ammonium sulfate market price will experience a slight consolidation in the short term.
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