Domestic Ammonium Sulfate Market Rises (2022 11.18-11.24)
Price trend:
According to monitoring data, the average ex-factory price of ammonium sulfate in China was 1,420 yuan/ton on November 18, and 1,450 yuan/ton on November 24. The price of ammonium sulfate rose by 2.11% this week.
Market analysis:
This week, the ammonium sulfate market is mainly upward. The operating rate of downstream compound fertilizer enterprises has increased, the demand for winter storage purchases has increased, the transaction volume on the market is acceptable, and the export demand continues to follow up. The operating rates of coking plants and caprolactam plants were slightly lowered, and the on-site supply of ammonium sulfate decreased. As of November 24, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong was around 1,415 yuan/ton. In Hebei area, it is about 1420 yuan/ton. For caprolactam-grade ammonium sulfate, the ex-factory price in Shandong is 1400-1530 yuan/ton.
Market Outlook Forecast:
At present, the ammonium sulfate market is mainly upward, the supply in the market is decreasing, the trading volume is increasing, and manufacturers are mainly holding up prices. In the case of stable demand, it is expected that the price of ammonium sulfate will rise steadily in the short term.
