SunSirs: Rigid Downstream Supported, and the Price of Ammonium Sulfate Had Been Narrowly Reduced (September 11-19)

https://www.chemnet.com   Sep 20,2024 SunSirs

Price trend                               

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on September 19th was 911 RMB/ton, which was 0.18% lower than the average price of 913 RMB/ton on September 11th.

Analysis review

In mid September, the price of ammonium sulfate in the domestic market slightly decreased. The profits of coking enterprises decreased, with production restrictions being the main focus, and the operating rate at the domestic level had decreased. Downstream compound fertilizer enterprises had reduced inquiries and were more cautious in procurement. Recently, the weak trend in urea prices had a negative impact on ammonium sulfate. The export demand was in high demand, and there is currently no significant improvement in the market. As of September 19th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 885 RMB/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 915-940 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market experienced a slight decline in recent days, with an overall stalemate as the main trend. As of September 19th, there was no positive news in the market, and the trading atmosphere was relatively weak. It is expected that in the short term, the domestic ammonium sulfate market will mainly operate in a narrow range of consolidation.

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