1、 Price trend
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According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 776 yuan/ton on December 11th, and 776 yuan/ton on December 15th. The domestic ammonium sulfate market price remained stable this week.
2、 Market analysis
The domestic ammonium sulfate market price remained stable this week. At present, there is no positive news in the market, and the market is watching and operating. Domestic and international demand is weak, with downstream rigid procurement being the main focus. Downstream and distributors have a cautious attitude, often restocking at low prices, and have a resistance to high prices. As of December 15th, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 780 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 760-790 yuan/ton.
3、 Future Market Forecast
According to analysts from Shengyishe Ammonium Sulfate, the price trend of ammonium sulfate has stabilized recently, and there has been no improvement on the demand side. Downstream and dealers are mainly watching. It is expected that the domestic ammonium sulfate market will stabilize and operate in the short term.
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