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 December 19th was 823 yuan/ton, an increase of 1.23% compared to the average price of 813 yuan/ton on December 13th.
2、 Market analysis
This week, the price of ammonium sulfate in the domestic market has been steadily rising. The operating rate of coking enterprises remains stable, and the operating rate of domestic enterprises remains at a high level. This week, downstream enterprises made on-demand purchases, with an increase in inquiries compared to last week and an increase in market trading volume. The bidding price for coking grade ammonium sulfate has slightly increased, while the price for domestic grade ammonium sulfate has slightly increased. As of December 19th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 765 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 820-860 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been trending upwards recently. At present, the market trading direction is good, with a focus on low-priced restocking. Domestic and international demand still needs to be improved. It is expected that the domestic ammonium sulfate market will experience a narrow consolidation and operation in the short term.
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