1、 Price trend
On June 5th, the average market price of domestic grade ammonium sulfate was 1503 yuan/ton, which was 5.05% lower than the average market price of 1583 yuan/ton on June 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market continued its weak trend and fell mainly. At the beginning of the week, the price of ammonium sulfate stabilized after falling. This week, the international urea market weakened, which indirectly bearish the ammonium sulfate market. The operating rate of internal level equipment has decreased this week, resulting in a decrease in market supply. At present, the demand for ammonium sulfate in the market is weakening, the terminal demand is limited, and the export market is not good. Due to the previous continuous price increases, downstream procurement has become more cautious.
market situation
As of June 5th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1040 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 1430-1510 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. Due to the decrease in market transactions and the negative impact on international urea, ammonium sulfate is currently in a high position to compensate for the decline. It is expected that the short-term ammonium sulfate market will be weak and volatile.