SunSirs: The Domestic Ammonium Sulfate Market Rose (November 11-24)

https://www.chemnet.com   Nov 25,2022 SunSirs

According to the monitoring data of SunSirs, the average factory price of domestic ammonium sulfate was 1,420 RMB/ton on November 18, and 1,450 RMB/ton on November 24. The price of ammonium sulfate rose by 2.11% this week.

Analysis review

This week, the market of ammonium sulfate is mainly on the rise. The operating rate of downstream compound fertilizer enterprises increased, the demand for winter storage procurement increased, the on-site turnover was fair, and the export demand continued to follow up. The operating rate of coking plant and caprolactam plant decreased slightly, and the supply of ammonium sulfate in the market decreased. As of November 24, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1,415 RMB/ton. The mainstream factory quotation of ammonium sulfate in Hebei was about 1,420 RMB/ton. Caprolactam ammonium sulfate, the factory quotation in Shandong was 1,400-1,530 RMB/ton.

This week, the downstream compound fertilizer market was in a strong bullish atmosphere, and most enterprises began to stop quoting. Due to the continuous strengthening of raw material market recently, the pressure on the cost of compound fertilizer increased, and the manufacturer raised the price accordingly. Under the influence of the raw material boost, the domestic compound fertilizer market was running well.

Market outlook

According to the ammonium sulfate analysts of SunSirs, the current market situation of ammonium sulfate is mainly on the rise, the supply in the market is decreasing, the trading is increasing, and the manufacturers are supporting the price. Under the condition of stable demand, the price of ammonium sulfate is expected to be stable with a rise in the short term.

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