SunSirs: Manufacturers Were Reluctant to Sell, Resulting in a Significant Increase in the Ammonium Sulfate Market (June 3-7)

https://www.chemnet.com   Jun 11,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of ammonium sulfate in China was 886 RMB/ton on June 3rd, and 961 RMB/ton on June 7th. This week, the domestic ammonium sulfate market price had increased by 8.46%.

Analysis review

This week, the domestic ammonium sulfate market price had significantly increased. As of June 7th, the operating rate of coking enterprises was relatively low, and domestic enterprises were operating relatively steadily. This week's increase in urea prices had boosted the nitrogen fertilizer market, driving up the ammonium sulfate market significantly. The mentality of buying up instead of falling downstream had increased, and the purchasing enthusiasm had increased. As of June 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 935 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 980-1,000 RMB/ton.

Analysis review

According to Ammonium Sulfate analysts from SunSirs, the market price of ammonium sulfate had rapidly increased in recent days, and market trading had increased. Manufacturers were mainly hesitant to sell. It is expected that the domestic ammonium sulfate price will continue to be stronger in the short term.

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