Poor demand, ammonium sulfate market price drops in May

1、 Price trend

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According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 1076 yuan/ton on May 29th, and 1026 yuan/ton on May 1st. This month, the market price of ammonium sulfate has dropped by 4.64%.
2、 Market analysis
The market price of ammonium sulfate has weakened and fallen this month. The operating rate of coke enterprises has not fluctuated much this month, and the operating rate of domestic enterprises has been slightly adjusted. In the first half of this month, the domestic price of ammonium sulfate mainly declined. The demand for ammonium sulfate in the market is not good, and particle manufacturers and downstream compound fertilizer enterprises are mainly in urgent need of replenishment. The number of market inquiries has decreased, and caution is mainly observed. In the second half of this month, the domestic price of ammonium sulfate continued to decline. The downward trend in urea prices is bearish on the ammonium sulfate market, and the export market for ammonium sulfate remains weak. As of May 29th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 940 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1000-1040 yuan/ton.
According to the weekly K-bar chart from March 3, 2025 to May 19, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The domestic price of ammonium sulfate fell significantly in May, with the largest drop being 1.19% in the week of May 19th.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the domestic price of ammonium sulfate has been weakly stable in recent days. At present, the demand for ammonium sulfate in the market is limited, and transactions are weak. Downstream procurement is mainly based on demand. In the absence of favorable conditions in the near future, it is expected that the domestic ammonium sulfate market prices will weaken and consolidate in the short term.

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