SunSirs: The Number of Inquiries Had Decreased, and the Price of Ammonium Sulfate Had Weakened and Fallen (September 1-9)

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

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on September 9th was 911 RMB/ton, a decrease of 1.62% compared to the average price of 926 RMB/ton on September 1st. ?

Analysis review

Since September, the overall price of ammonium sulfate in the domestic market had been weak and declining. The operating rate of coking enterprises remained stable, while the operating rate of internal level enterprises had decreased. Downstream demand had weakened, inquiries had decreased, and there was a resistance to high prices. The recent export market had not met expectations, coupled with the decline in urea prices, which had a negative impact on ammonium sulfate. As of September 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 900 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 905-935 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has recently experienced narrow fluctuations and consolidation. As of September 9th, the downstream purchasing intention was not strong, and the export market was flat. It is expected that the domestic ammonium sulfate market price will experience a slight consolidation in the short term.

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