1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on November 14th was 1053 yuan/ton, an increase of 1.61% compared to the average market price of 1036 yuan/ton on November 8th.
2、 Market analysis
supply and demand situation
The price of ammonium sulfate in the domestic market has slightly increased this week. This week, the operating rate of ammonium sulfate enterprises has remained stable, and internal level enterprises may adjust their equipment or reduce its load in the future. Ammonium sulfate manufacturers are mainly raising prices, while coking grade ammonium sulfate is temporarily stable, and prices from domestic manufacturers have been raised. Downstream urgent replenishment requires a wait-and-see attitude, and the market trading atmosphere is light.
market situation
As of November 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 940 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1020-1060 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been stable and rising recently. At present, the demand for ammonium sulfate in the market is stable, and the domestic market is improving. It is expected that in the short term, the domestic ammonium sulfate market will mainly experience a narrow upward trend in price consolidation.
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