1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 24th was 903 yuan/ton, which is 1.09% lower than the average price of 913 yuan/ton on September 18th.
2、 Market analysis
Recently, the price of ammonium sulfate in the domestic market has slightly decreased. The profits of coking enterprises have increased, the operating rate has remained stable, and the operating rate at the domestic level has decreased. The demand for downstream stocking before the holiday is still there, but market inquiries have decreased, and many are adopting a wait-and-see attitude. The export sector is mainly supported by essential needs, and there is currently no significant improvement in the market. As of September 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 890 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 890-930 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has recently experienced a narrow downward trend, and the overall trend is weak. The enthusiasm for downstream stocking before the holiday is not high, and the market transaction atmosphere is not good. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.
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