According to the Commodity Market Analysis System of SunSirs, the average factory price of ammonium sulfate in China was 850 RMB/ton on May 12, and 843 RMB/ton on May 18. This week, the price of ammonium sulfate was decreased by 0.78%.
Analysis review
Ammonium sulfate market prices fell slightly this week. The international market for ammonium sulfate remained stagnant and weak. The domestic market fluctuated in a narrow range, and downstream purchases were made on demand, mostly purchased at low prices. This week, the operating rate of coking grade ammonium sulfate enterprises remained stable, and the bidding prices were slightly adjusted. The operating rate of CPL ammonium sulfate enterprises declined, and the supply of goods began to be tight. As of May 18th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 780-790 RMB/ton. CPL ammonium sulfate, the mainstream factory quotation in Shandong is about 840-870 RMB/ton.
This week, the downstream composite fertilizer market was weak consolidated, with slight fluctuations in the market. The trend of composite fertilizer raw materials was not good, and cost support was weak. Downstream restocking was based on demand, with corn fertilizer concentrated delivery according to orders, and new orders mainly were negotiated.
Market outlook
According to ammonium sulfate analysts from SunSirs, the domestic ammonium sulfate market underwent a narrow range of fluctuations and adjustments recently, and domestic and international demand remained weak. Downstream purchased just in needed, and the market trading volume was acceptable. It is expected that the ammonium sulfate market will continue to be weaker in the short term.
