1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on February 24th was 963 yuan/ton, an increase of 2.66% compared to the average price of 938 yuan/ton on February 17th.

2、 Market analysis

This week, the domestic ammonium sulfate market prices have shown a strong upward trend. The operating rate of coking enterprises remains stable, and the operating rate of their internal equipment is at a high level. Downstream urgent procurement, stable demand for urea, and strong market transaction atmosphere. As the price of ammonium sulfate continues to rise, downstream procurement tends to be cautious, and distributors operate cautiously. As of February 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 950 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 965-995 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the recent trend of ammonium sulfate market has stabilized after rising, and the overall trading atmosphere in the market is good. At present, the market demand is good, and downstream demand for replenishment is urgent. As the price of ammonium sulfate continues to rise, the market’s cautious attitude increases. It is expected that in the short term, the domestic ammonium sulfate market will be dominated by strong price consolidation and operation.