1、 Price trend
On July 3rd, the average market price of domestic grade ammonium sulfate was 1173 yuan/ton, which was 6.63% lower than the average market price of 1256 yuan/ton on June 29th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices continued to decline in a weak trend. The operating rate of internal level equipment has decreased, and the market supply has decreased. This week, the urea market continues to weaken, which is bearish for the ammonium sulfate market. At present, the demand for ammonium sulfate terminals is decreasing, and the market is mainly cautious. The mentality of buying up and not buying down has increased, and downstream buyers are seeking bottom purchases.
market situation
As of July 3rd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 970-1050 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1130-1220 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, the market price of ammonium sulfate has dropped significantly, and the trading atmosphere in the market is not good, with demand waiting to be released. It is expected that the short-term ammonium sulfate market will continue to weaken and decline.