According to the monitoring data of SunSirs, the average ex-factory price of domestic ammonium sulfate on January 1 was 1,243 RMB/ton, and the average ex-factory price of domestic ammonium sulfate on January 30 was 1,210 RMB/ton, and the price of ammonium sulfate fell by 2.68% this month.
Analysis review
The price of ammonium sulfate fell first and then rose this month. At the beginning of the month, the market price of ammonium sulfate was mainly down. The on-site supply of CPL-grade ammonium sulfate increased, and the bidding price of coking grade ammonium sulfate decreased. Downstream demand was weak as a whole, and intra-market transactions were weak. The price of ammonium sulfate rose slightly after the New Year's Day. The operating rate of CPL-grade ammonium sulfate enterprises increased, and the operating rate of coking grade ammonium sulfate enterprises decreased. The inventory of ammonium sulfate was low, and the downstream inquiry was stable. The trading volume before the Spring Festival was relatively small, and the price of ammonium sulfate was smoothly sorted after the Spring Festival. As of January 30, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong was about 1,150 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Hebei was about 1,200 RMB/ton. For CPL-grade ammonium sulfate, Shandong's mainstream ex-factory price was 1,150-1,260 RMB/ton.
This month, the downstream compound fertilizer market demand was flat, the price was stable, and the manufacturers mostly executed orders. The market of raw materials had not changed much, and the terminal was waiting for the release of demand. At present, there is no new policy to be issued, and it will be sorted and operated smoothly in the short term.
Market outlook
The ammonium sulfate analyst of SunSirs believes that the ammonium sulfate market has not fluctuated much recently, the intra-field trading is fair, and the downstream demand is stable. It is expected that in the short term, the market of ammonium sulfate will be mainly smoothly sorted.
