According to the Commodity Market Analysis System of SunSirs, the average price of domestic ammonium sulfate market was 1,090 RMB/ton on September 15th, and 1,136 RMB/ton on September 21st. This week, the domestic ammonium sulfate market price was increased by 4.28%.
Analysis review
The domestic ammonium sulfate market price had risen this week. International market inquiries increased, and domestic bidding prices for ammonium sulfate increased. The market trading atmosphere was good, and the enthusiasm of downstream and dealers to purchase goods had increased. This week's strong urea price trend had a positive impact on the ammonium sulfate market. As of September 21st, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province was around 1,070 RMB/ton. The mainstream factory quotation for CPL ammonium sulfate in Shandong was around 1,170-1,190 RMB/ton.
Market outlook
Ammonium sulfate market analysts from SunSirs believe that although the recent trend of ammonium sulfate prices was mainly upward, there was still resistance from downstream towards high priced ammonium sulfate. As the National Day holiday approached, the enthusiasm for stocking in the market had increased, and dealers were actively operating. It is expected that the price of ammonium sulfate will rise slightly in the short term.
