1、 Price trend
According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1853 yuan / ton on May 16 and 1833 yuan / ton on May 20. The price of ammonium sulfate fell by 1.08% this week.
2、 Market analysis
The price of ammonium sulfate fell slightly this week. At present, the trading atmosphere on the floor is OK, but the transaction of new orders is limited. Ammonium sulfate enterprises cut prices slightly. There are many inquiries in the venue, but the downstream and dealers are cautious in purchasing and are in conflict with the high price. This week, the bidding price of coking grade ammonium sulfate enterprises was lowered, and the price of self grade ammonium sulfate also fluctuated and fell. As of May 20, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1800 yuan / ton. Hexene grade ammonium sulfate, the mainstream factory quotation in Shandong is about 1900 yuan / ton.
This week, the downstream compound fertilizer mainly issued early orders. Due to the rapid rise of compound fertilizer raw materials, the quotation of most enterprises was suspended. There was a strong wait-and-see atmosphere on the floor, and the trading volume decreased under the high price. In the short term, compound fertilizer will run at a high level.
3、 Future forecast
The ammonium sulfate analyst of business society believes that the current demand for ammonium sulfate is OK, and there is no good news for the time being. Due to the large increase in prices in the early stage, the demand side operates cautiously and focuses on wait-and-see. It is expected that the price of ammonium sulfate will fluctuate at a high level in the short term.
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