1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the average market price of ammonium sulfate in China was 1110 yuan/ton on August 4th, and 1070 yuan/ton on August 10th. This week, the market price of ammonium sulfate decreased by 3.60%.
2、 Market analysis
This week, the domestic ammonium sulfate market price fell back from a high point. This week, urea prices fell, negatively affecting the ammonium sulfate market. This week, the bidding price of ammonium sulfate has significantly decreased, and the focus of market transactions has declined. Ammonium sulfate is still available in the international market, with support for export orders. Downstream and distributors purchase cautiously and have a strong wait-and-see mentality. As of August 10th, the mainstream market quotation for coking grade ammonium sulfate in Hebei Province is around 1040-1100 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 1020-1080 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the ammonium sulfate market has started to weaken recently, with a significant drop in high market prices and a limited decrease in low prices. At present, the market demand is stable, and the industry is mainly wait-and-see. It is expected that the short-term trend of ammonium sulfate prices will be mainly weak and downward.
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