1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 21 was 1196 yuan/ton, a decrease of 2.97% compared to the average price of 1233 yuan/ton on July 14.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have weakened and fallen. This week, the operating rate of ammonium sulfate domestic enterprises has remained stable, while the operating rate of coking enterprises has decreased. At present, the supply of ammonium sulfate in the market is stable, but downstream procurement enthusiasm has weakened, and the market transaction atmosphere has weakened. Recently, the export market for ammonium sulfate has been average, and the market’s mentality of buying up rather than buying down has increased.
market conditions
As of July 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1125 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1130-1170 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market is mainly downward. At present, there is no positive news in the ammonium sulfate market, with a decrease in market inquiries and cautious downstream procurement. It is expected that the domestic ammonium sulfate market price will be weak and stable in the short term.