Ammonium Sulfate Market Shows Minor Fluctuations(2023 May 1-6)
Price Movement
The average factory price of domestic ammonium sulfate was 880 RMB/ton on May 1st, and it slightly increased to 883 RMB/ton on May 6th. This week, there was a 0.38% increase
Analysis Overview
The ammonium sulfate market witnessed limited fluctuations during this week. Following the holiday period, the market stabilized as manufacturers resumed regular shipments and transactions maintained an average level. The international ammonium sulfate market remained weak without any significant improvements. Downstream procurement predominantly relied on demand. The bidding price for coking-grade ammonium sulfate slightly declined, while CPL grade ammonium sulfate experienced a slight price rise. As of May 6th, the mainstream factory quotation for coking-grade ammonium sulfate in Shandong ranged from 820 to 880 RMB/ton. For CPL ammonium sulfate, the mainstream factory quotation in Shandong was approximately 860 to 910 RMB/ton.
During this week, the demand for compound fertilizers in the downstream market weakened. The market for composite fertilizer raw materials performed poorly, with diminishing cost support. Manufacturers primarily fulfilled existing orders, while corn fertilizer remained available for sale.
Market Outlook
It will continue to experience minor fluctuations in the near term, with average trading activity and a sluggish international market. Procurement volumes in the downstream sector are low, and transactions predominantly occur at lower price levels. It is anticipated that the ammonium sulfate market will operate within a narrow range in the short run.
