SunSirs: The Ammonium Sulfate Market Was Fluctuating in a Narrow Range (July 8-12)

https://www.chemnet.com   Jul 15,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on July 12th was 956 RMB/ton, which was 0.17% higher than the average price of 955 RMB/ton on July 8th.

Analysis review

This week, the domestic ammonium sulfate market price first rose and then fell, with narrow fluctuations being the main trend. This week, the operating rate of coking enterprises had remained stable, while the operating rate of domestic enterprises had increased. As of July 12th, the market supply was sufficient, and downstream inquiries had a good enthusiasm. Manufacturers prioritized price hikes, while distributors maintained a cautious attitude and brought at low prices. As of July 12th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 920 RMB/ton. Domestic CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 930-960 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market had been operating steadily in recent days. As of July 12th, although there had been an increase in on-site inquiries, there was still a high inventory of ammonium sulfate in the market, and the industry was adopting a wait-and-see attitude. It is expected that in the short term, the domestic ammonium sulfate prices will remain stagnant and the main focus will be on consolidation and operation.

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