1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 25th was 1160 yuan/ton, which is 3.06% lower than the average price of 1196 yuan/ton on July 21st.
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2、 Market analysis
market conditions
As of July 25th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1080 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1100-1170 yuan/ton.
Supply and demand situation
This week, the domestic ammonium sulfate market prices continued to decline. The operating rate of ammonium sulfate enterprises is relatively stable this week. At present, the supply of ammonium sulfate in the market is stable, but downstream demand is not performing well, and there is resistance to high prices, resulting in weak market transactions. The export market for ammonium sulfate has not shown significant improvement, and the market is mainly adopting a wait-and-see attitude.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been weak and downward recently. At present, the trading in the ammonium sulfate market is light, with insufficient new orders and weakened downstream demand. There is currently no positive news in the market. 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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