1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on August 15th was 1113 yuan/ton, which was 1.18% lower than the average price of 1126 yuan/ton on August 11th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have weakened and fallen. The operating rate of coke enterprises remains stable, while the operating rate of domestic enterprises has increased. At present, the supply of ammonium sulfate market is sufficient, downstream inquiries have decreased, procurement enthusiasm has weakened, and the market transaction atmosphere is light. The export market is not performing well, with pressure on enterprise shipments and a sluggish ammonium sulfate market.
market conditions
As of August 15th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1030 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1040-1090 yuan/ton.
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, there is an oversupply of ammonium sulfate in the market, with poor market trading and no improvement in exports. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.