SunSirs: The Ammonium Sulfate Market Saw a Significant Increase in Mid June (June 10-18)

https://www.chemnet.com   Jun 19,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on June 18th was 1,033 RMB/ton, which had increased by 7.45% compared to the price of 961 RMB/ton on June 10th.

Analysis review

In mid June, the price of ammonium sulfate in China has significantly increased. The enterprise has stable production and sufficient market supply. Downstream procurement enthusiasm has increased, and market inquiries have increased. The rise in international market prices was beneficial for the domestic ammonium sulfate market. As the price of ammonium sulfate continued to rise, downstream customers were beginning to cautiously purchase goods, and the upward trend of ammonium sulfate was slowing down. As of June 18th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,045 RMB/ton. The mainstream ex factory quotation for CPL ammonium sulfate in Shandong region was around 1,030-1,070 RMB/ton.

Market outlook

According to analysts from SunSirs, the upward momentum of the ammonium sulfate market has slowed down recently, and the price of ammonium sulfate has adjusted narrowly. As of June 18th, there were still positive factors, but downstream caution had increased. It is expected that the domestic ammonium sulfate price will mainly fluctuate and consolidate in the short term.

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