1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 750 yuan/ton on July 7th, and 850 yuan/ton on July 14th. This week, the market price of ammonium sulfate increased by 13.32%.

2、 Market analysis

The domestic ammonium sulfate market continued to improve this week, with prices rising significantly. The operating rate of enterprises has not changed much. Due to the recent continuous increase in urea prices, which is beneficial for the ammonium sulfate market, the domestic ammonium sulfate market continues to soar. The market for coking grade ammonium sulfate has significantly increased, and domestic grade ammonium sulfate has followed the trend. However, downstream replenishment demand needs to be followed up, and the upward trend slows down after the price rises. Downstream procurement is mainly based on demand, and market transactions are relatively low. Manufacturers and distributors are mainly on the sidelines, but the market is hindered from continuing to rise in the future. As of July 14th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 850 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 830-890 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society believe that although the domestic ammonium sulfate market price has significantly increased, domestic and international demand is still weak. Downstream replenishment on demand, limited market trading. It is expected that the high and narrow range consolidation of the ammonium sulfate market will operate in the short term.