1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the average market price of ammonium sulfate in China was 1050 yuan/ton on July 28th, and 1107 yuan/ton on August 3rd. This week, the market price of ammonium sulfate increased by 5.48%.
2、 Market analysis
This week, the domestic ammonium sulfate market price continued the previous week’s trend and continued to rise slightly, but the upward trend slowed down compared to last week. This week, urea prices have been operating at a high level, with positive factors still present. The international market for ammonium sulfate is performing well, with strong support for export orders. Downstream and distributors are actively restocking. This week, the bidding price for coking grade ammonium sulfate continued to rise, while domestic grade ammonium sulfate followed suit. As of August 3rd, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1150 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1170-1200 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the ammonium sulfate market has continued to rise in recent days, making it difficult to find low prices on the market. But after continuous price increases, it remains at a high level, and downstream procurement is more cautious. Under current demand support, it is expected that the short-term trend of ammonium sulfate prices will continue to be the main trend.
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