1、 Price trend

According to the monitoring data of business agency, the average ex factory price of ammonium sulfate in China was 563 yuan / ton on March 1, 580 yuan / ton on March 31, and the price rose by 2.96% in the month. On March 31, the ammonium sulfate commodity index was 48.54, unchanged from yesterday, down 54.33% from 106.28 (2012-05-24), the highest point in the cycle, and up 32.44% from 36.65, the lowest point on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: the price of ammonium sulfate was raised in March due to the promotion of agricultural demand. In the peak season of spring ploughing in the first ten days of March, the trend of ammonium sulfate was good, and the downstream procurement was active. In late March, the downstream enterprises had sufficient supply of goods, and the price began to fall. The main quotation of ammonium sulfate in Central China is about 450-680 yuan / ton, that in Henan is 420-680 yuan / ton, that in Hebei is 460-700 yuan / ton, that in East China is 450-680 yuan, that in North China is 420-670 yuan / ton, and that in Northeast China is 450-670 yuan / ton.

Industrial chain: in early March, the price of downstream compound fertilizer enterprises was strong. In spring, the preparation of fertilizer is hot, the overall start-up of compound fertilizer enterprises is high, and the turnover is better. In the later period, the price of raw materials decreased, the cost support was insufficient, the demand of compound fertilizer enterprises weakened, and the market was flat and stable.

Industry: according to the price monitoring of the business agency, in March 2020, there are 7 kinds of rising commodities, 2 kinds of falling commodities and 0 kinds of rising and falling commodities in the price list of chemical fertilizer. The main commodities that rose were ammonium chloride (20.48%), liquid ammonia (14.20%), monoammonium phosphate (4.52%); the main commodities that fell were ammonium nitrate (- 2.94%), urea (- 1.90%). This month’s average was 4.7%.

3、 Future forecast

According to analysts of ammonium sulphate of business association, the agricultural fertilizer consumption was vigorous in March, the nitrogen fertilizer market generally rose, the price of ammonium sulphate kept rising, and the later market fell. It is expected that the agricultural demand will come to an end in April, the coking grade ammonium sulfate will go down steadily, and the inner grade ammonium sulfate will mainly fluctuate in a narrow range.