SunSirs: The Price of Ammonium Sulfate Rose under the Support of Rigid Demand (October 8-13)

https://www.chemnet.com   Oct 14,2022 SunSirs

　　According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,456 RMB/ton on October 8, and 1,476 RMB/ton on October 13. The price of ammonium sulfate rose 1.37% this week.

　　Analysis review

　　Ammonium sulfate market prices were stable with rises this week, the market trading atmosphere was good, and the number of inquiries increased. Downstream procurement was mainly based on demand, and they still had a wait-and-see attitude towards the high price. The urea price rose this week, which was beneficial to the ammonium sulfate market. The inventory of ammonium sulfate manufacturers decreased and the shipment was stable. The bidding price of coking-grade ammonium sulfate was raised this week, and CPL-grade ammonium sulfate also showed an upward trend. As of October 13, coking-grade ammonium sulfate was priced at 1,450 RMB/ton in Shandong and 1,420 RMB/ton in Hebei. CPL-grade ammonium sulfate, the mainstream factory quotation in Shandong was 1,460-1,580 RMB/ton.

　　The downstream compound fertilizer market was flat this week, and the wheat fertilizer has entered the final stage, mainly for negotiation. The raw materials are stable and the transaction is light. The price of urea rose this week, with a small amount of agricultural demand in stock and industrial demand gradually ending. In the future, urea rose slightly in shock.

　　Market outlook

　　According to the ammonium sulfate analysts of SunSirs, recently, the ammonium sulfate market was adjusted in a narrow range, the downstream demand continued to follow up, and the enterprise's shipment was smooth. The stock of ammonium sulfate decreased and the market traded well. Under the condition of stable demand, the market price of ammonium sulfate is expected to rise slightly in the short term.

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