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 13th was 813 yuan/ton, which is 0.41% lower than the average price of 816 yuan/ton on December 9th.
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, while the operating rate of domestic enterprises has slightly decreased. This week, downstream demand is average, with price cutting procurement being the main focus and weak market transactions. The international market for ammonium sulfate is still weak, with no short-term improvement, which is bearish for the domestic market. As of December 13th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 750 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 820-850 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has recently undergone a narrow adjustment. At present, the domestic and international market conditions are not good, and market trading is average. Without any favorable factors, it is expected that the domestic ammonium sulfate market price will remain stable with a weak trend in the short term.
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