SunSirs: Inquiries Decreased, and the Price of Ammonium Sulfate Had Slightly Dropped (September 18-24)

https://www.chemnet.com   Sep 25,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on September 24th was 903 RMB/ton, which was 1.09% lower than the average price of 913 RMB/ton on September 18th.

Analysis review

Recently, the price of ammonium sulfate in the domestic market had slightly decreased. The profits of coking enterprises had increased, the operating rate had remained stable, and the operating rate at the domestic level had decreased. The demand for downstream stocking before the holiday was still there, but market inquiries had decreased, and many were adopting a wait-and-see attitude. The export sector was mainly supported by essential needs, and there was temporoarily no significant improvement in the market. As of September 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 890 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 890-930 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market had recently experienced a narrow downward trend, and the overall trend was weak. The enthusiasm for downstream stocking before the holiday was not high, and the market transaction atmosphere was not good. It is expected that in the short term, the domestic ammonium sulfate market price will consolidate to be weaker.

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