1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 930 yuan/ton on March 28th, and 980 yuan/ton on March 1st. The market price of ammonium sulfate has dropped by 5.10% this month.
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2、 Market analysis
The market price of ammonium sulfate has continued to decline this month, with a slight increase at the end of the month. The operating rate of coking enterprises has remained stable this month, while the operating rate of their own facilities has decreased. The demand for ammonium sulfate in the domestic market is weak, and the number of new orders in the market has decreased. Downstream urgent need for replenishment, insufficient purchasing intention. The international demand for ammonium sulfate has decreased, and negative factors have increased. At the end of the month, the price of urea rose rapidly, which was favorable for the ammonium sulfate market, and the price of ammonium sulfate rebounded slightly. As of March 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 940-980 yuan/ton.
According to the K-bar chart from March 2024 to February 2025, it can be seen that the domestic ammonium sulfate cycle is characterized by ups and downs. In recent months, the price of ammonium sulfate in China has risen significantly, with the largest increase being 11.36% in February.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent rise in urea prices has indirectly boosted the ammonium sulfate market, resulting in a slight increase in ammonium sulfate prices. At present, spring plowing is coming to an end and market demand is weakening. Downstream procurement is mainly based on demand. It is expected that the domestic ammonium sulfate market will experience a narrow consolidation and operation in the short term.
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