1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on November 7th was 808 yuan/ton, a decrease of 4.90% from the average price of 850 yuan/ton on November 1st.
2、 Market analysis
This week, the price of ammonium sulfate in the domestic market has weakened and declined, and the focus of transactions has shifted downwards. The operating rate of coking enterprises remains stable, with a slight increase in the operating rate at the domestic level. This week, there has been a decrease in downstream inquiries and a weakening in demand, with many adopting a cautious attitude. At present, the export market of ammonium sulfate is not performing well and will continue to operate weakly in the short term. As of November 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 760 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 800-860 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market for ammonium sulfate has been weak recently, resulting in a decline in bidding prices. At present, there is no good news in the market, and downstream purchases are mainly seeking low prices, resulting in sluggish market transactions. It is expected that the domestic ammonium sulfate market price will continue to weaken and decline in the short term.
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