1、 Price trend
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According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on December 9th was 816 yuan/ton, which is 1.80% lower than the average price of 831 yuan/ton on December 2nd.
2、 Market analysis
The price of ammonium sulfate in the domestic market has slightly decreased this week. The operating rate of coking enterprises remains stable, with a slight increase in the operating rate at the domestic level. This week, downstream demand has weakened and purchasing intentions are not strong. Currently, market confidence is insufficient, and the transaction price of ammonium sulfate market has fallen. The international market for ammonium sulfate has not improved yet and remains mainly weak. As of December 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 780 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 820-845 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been weak in recent days. At present, domestic market shipments are sluggish, and international market demand is sluggish. It is expected that the short-term domestic ammonium sulfate market price will continue to operate in a weak trend.
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