SunSirs: Ammonium Sulfate Market Rose in Shock in October (10.1-10.27)

https://www.chemnet.com   Oct 28,2022 SunSirs

　　According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,440 RMB/ton on October 1, and 1,510 RMB/ton on October 27. The price of ammonium sulfate rose 4.86% this month.

　　Analysis review

　　Ammonium sulfate prices rose in shock this month. Ammonium sulfate market fluctuated slightly, the trading atmosphere was fair and inquiries increased. Downstream procurement was mainly based on demand, and still had a wait-and-see attitude towards the high price. Due to the stable terminal demand, the manufacturers mainly supporting the high price. Due to the epidemic situation and environmental protection, the operating rate of coke plants decreased, and the supply of ammonium sulfate decreased. As of October 27, the market had not fluctuated much, and the industry was cautious. As of October 27, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1,490 RMB/ton, and that in Hebei was about 1,450 RMB/ton. Caprolactam grade ammonium sulfate, the factory quotation in Shandong was 1,450-1,590 RMB/ton.

　　The downstream compound fertilizer market demand was flat this month, with weak and stable operation mainly. There was a strong wait-and-see mood in the market, waiting for the introduction of the winter storage policy. The operating rate of compound fertilizer plants declined, and the demand for raw materials weakened. The cost support of urea was good and there was a small amount in stock for agricultural use. The production of urea in Shanxi was limited to 150,000 tons per day. In the future, urea rises slightly in shock, which will be beneficial to the ammonium sulfate market.

　　Market outlook

　　According to the ammonium sulfate analyst of SunSirs, the demand for ammonium sulfate was flat in recent days, and the transactions on the market were average. Downstream still had resistance to high priced ammonium sulfate, and had a strong wait-and-see mood. The supply of ammonium sulfate in the plant was reduced due to the reduction of the operating rate of the manufacturer. It is expected that in the short term, the ammonium sulfate market will continue to operate mainly in shock and consolidation, and the price will fluctuate in a narrow range.

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