SunSirs: The Domestic Ammonium Sulfate Market Was Consolidating (July 1-9)

https://www.chemnet.com   Jul 10,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on July 9th was 956 RMB/ton, which was a decrease of 1.88% compared to the average price of 974 RMB/ton on July 1st.

Analysis review

Entering July, the domestic ammonium sulfate market saw a slight pullback after a decline in price. As of July 9th, the enterprise was operating steadily and the market supply was sufficient. The international market situation had not improved yet, and domestic manufacturers were cautious and watching. Recently, the price of domestic ammonium sulfate had slightly increased, with downstream procurement mainly based on demand. As of July 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 940 RMB/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region was around 930-960 RMB/ton.

Future analysis

According to Ammonium Sulfate analysts from SunSirs, the recent market trend of ammonium sulfate had seen a narrow upward trend. As of July 9th, downstream delivery was cautious and the market had a strong wait-and-see attitude. It is expected that in the short term, the domestic ammonium sulfate price will mainly consolidate and operate within a narrow range.

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