1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1450 yuan/ton on November 11, and 1420 yuan/ton on November 17. The price of ammonium sulfate fell 2.07% this week.

2、 Market analysis

This week, the price of ammonium sulfate decreased slightly, and the market was stable. Downstream procurement is mainly based on demand, the on-site turnover is fair, and the export demand continues to follow up. The operating rate of coking plant and caprolactam plant decreased, and the supply of ammonium sulfate in the plant decreased. As of November 14, the price of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong Province was about 1400 yuan/ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1400 yuan/ton. Domestic ammonium sulfate, the mainstream factory quotation in Shandong is 1360-1490 yuan/ton.

The downstream compound fertilizer market was stable this week, and the enthusiasm of the market increased. The raw materials continue to grow, the pressure on the cost of compound fertilizer increases, and the manufacturers mainly pay high prices. Supported by raw materials, the domestic compound fertilizer market is running well, and the winter storage market is steadily following up.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that the current market situation of ammonium sulfate is stable and small, the market supply is tight, and the trading volume is fair. Under the condition of stable demand, it is expected that the price of ammonium sulfate will fluctuate in a narrow range in the short term.