1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate was 1713 yuan / ton on June 1, and 1386 yuan / ton on June 29. The price of ammonium sulfate fell by 19.07% this month.

2、 Market analysis

The price of ammonium sulfate fell sharply this month. Ammonium sulfate fell slightly in early June. The trading atmosphere on the floor was flat, and the new orders were generally traded. In order to relieve the shipping pressure, ammonium sulfate enterprises reduced the price slightly. Downstream purchases are mainly on demand, which is inconsistent with high prices. Since the middle of June, the price of ammonium sulfate has fallen rapidly. The floor trading was sluggish and the transaction was weak. The domestic and international market demand is weakened, and the enthusiasm of downstream procurement is reduced. Urea prices continued to fall, which negatively affected the market of ammonium sulfate. Enterprises have reduced ammonium sulfate for shipment. Some caprolactam enterprises have been overhauled, and the supply of caprolactam grade ammonium sulfate has been reduced. At the end of the month, due to the positive rise in urea price, the market of ammonium sulfate rebounded and the price rose slightly. As of June 29, the main factory price of coking ammonium sulfate in Shandong is about 1330 yuan / ton, and that in Hebei is about 1350 yuan / ton. The ex factory quotation of Hexian grade ammonium sulfate in Shandong is 1450-1520 yuan / ton.

According to the weekly fluctuation chart from April 4, 2022 to June 20, 2022, it can be seen that the domestic ammonium sulfate has a large decline range in the cycle. The largest increase was 1.83% in the week of April 18, mainly downward from mid May, and the largest decrease was -4.4% in the week of June 20.

The downstream compound fertilizer market fluctuated this month, and the finishing operation was carried out. Due to frequent fluctuations in the market of compound fertilizer raw materials and insufficient downstream demand, the compound fertilizer industry is still mainly on the sidelines. The trading atmosphere on the site is poor, and most compound fertilizer enterprises are still in the state of suspension of reporting, mainly in the short term.

3、 Aftermarket forecast

According to the ammonium sulfate analyst of business agency, the ammonium sulfate market continued to decline due to the sharp decline of urea in the early stage and the reduction of demand. At the end of the month, the urea market rebounded and rose, which was good for the ammonium sulfate Market, and the downstream replenishment began to increase. It is expected that the price of ammonium sulfate will rise steadily in the short term.