1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1496 yuan/ton on October 17, and 1500 yuan/ton on October 21. The price of ammonium sulfate rose 0.22% this week.

2、 Market analysis

Ammonium sulfate market fluctuated slightly this week, with the market trading and investment being flat, mainly focusing on consolidation and shock operation. At present, there is no good news. Downstream procurement is mainly based on demand, and the wait-and-see mood increases. The urea price decreased slightly this week, which was negative for ammonium sulfate market. Coking enterprises in some areas have limited production, the supply of ammonium sulfate has decreased, and the manufacturers sell it at a high price. The internal ammonium sulfate was adjusted slightly with little fluctuation. As of October 21, coking grade ammonium sulfate, the mainstream factory quotation in Shandong was about 1490 yuan/ton, and the mainstream factory quotation in Hebei was about 1400 yuan/ton. Domestic ammonium sulfate, the mainstream factory quotation in Shandong is 1500-1580 yuan/ton.

The downstream compound fertilizer market demand was flat this week, with weak stable operation as the main factor. The wait-and-see mood was strong, waiting for the introduction of the winter reserve policy. Urea prices fell this week, agricultural demand was small and industrial demand was weak. The start-up of compound fertilizer plants declined and the demand for urea weakened. The production of urea in Shanxi is limited to 150000 tons per day. In the future, urea fell slightly in shock.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that the ammonium sulfate market has been slightly shaken in the near future, the downstream demand is flat, and manufacturers and dealers operate cautiously. Under the current situation that the market is not favorable, ammonium sulfate is expected to fluctuate slightly in the short term.