SunSirs: Domestic Ammonium Sulfate Prices Had Slightly Increased (May13-17)

https://www.chemnet.com   May 22,2024 SunSirs

　　According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 823 RMB/ton on May 13th, and 830 RMB/ton on May 17th. This week, the price of domestic ammonium sulfate market had increased by 0.81%.

　　Analysis review

　　This week, the domestic ammonium sulfate market saw a slight increase in price. Downstream demand had weakened, with on-demand procurement as the main focus, stable market trading, and a consolidation of the coking grade ammonium sulfate market. There was a maintenance plan for the domestic ammonium sulfate unit, and the manufacturer mainly raised the price. The export market remained weak and had not improved yet. As of May 17th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 800 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 820-850 RMB/ton.

　　Market outlook

　　According to analysts from SunSirs, the market price of ammonium sulfate had fluctuated narrowly in recent days, and there was temporarily no positive news at home or abroad. It is expected that the domestic ammonium sulfate price will stabilize in the short term, with consolidation operation as the main trend.

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