1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on October 16th was 1063 yuan/ton, an increase of 10.76% compared to the average price of 960 yuan/ton on October 9th.
2、 Market analysis
supply and demand situation
The price of ammonium sulfate in the domestic market has continued to rise this week. This week, the internal level operating rate has decreased, the market supply has decreased, and the coking level operating rate has remained stable. The demand for downstream replenishment has increased after the holiday, and the market transaction atmosphere is good. This week, the market supply has decreased, and manufacturers are mainly raising prices. At present, the ammonium sulfate market maintains an optimistic attitude, and downstream replenishment enthusiasm has not decreased. The price of ammonium sulfate in the market continues to rise.
market situation
As of October 16th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1000 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1020-1080 yuan/ton.
3、 Future forecast
Analysts of ammonium sulfate believe that the market trend of ammonium sulfate has been relatively strong recently. At present, the demand for ammonium sulfate in the market is increasing, and with the continuous rise, the cautious mentality has increased. It is expected that the domestic ammonium sulfate market price will be relatively strong in the short term and will continue to consolidate and operate.