1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on October 28th was 873 yuan/ton, which is 1.13% lower than the average price of 883 yuan/ton on October 21st.

2、 Market analysis

This week, the domestic ammonium sulfate market price first rose and then fell. The operating rate of coking enterprises remains stable, with a slight increase in the operating rate at the domestic level. Downstream demand has weakened, but market inquiries have decreased, resulting in more low-priced purchases. The export performance is poor, and there is currently no positive news in the short term. As of October 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 820 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 830-900 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been running steadily in recent days, with a weak overall trend. The enthusiasm for downstream procurement is not high, and they tend to adopt a wait-and-see attitude. It is expected that in the short term, the domestic ammonium sulfate market prices will continue to be weakly adjusted and operated.