SunSirs: The Ammonium Sulfate Market Experienced Slight Fluctuations (November 8-14)

https://www.chemnet.com   Nov 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 November 14th was 805 RMB/ton, an increase of 0.42% compared to the average price of 801 RMB/ton on November 8th.

Analysis review

This week, the price of ammonium sulfate in the domestic market fluctuated narrowly and adjusted, with some regions experiencing slight price increases. The operating rate of coking enterprises remained stable, with a slight increase in the operating rate at the domestic level. This week, downstream procurement was mainly based on demand, with a wait-and-see attitude, and rare earth manufacturers were adding orders in moderation. As of November 14th, the international market situation of ammonium sulfate had not improved, and there was no short-term positive news. As of November 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 760 RMB/ton. CLP grade ammonium sulfate, the mainstream factory price in Shandong region was around 810-840 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the market situation for ammonium sulfate had slightly improved recently, with a slight increase in bidding prices. But the poor export market situation had a certain impact on the domestic market. It is expected that in the short term, the domestic ammonium sulfate market will mainly experience a narrow range of price consolidation and operation.

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