1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average ex factory price of ammonium sulfate in China was 880 yuan/ton on February 1st, and 903 yuan/ton on February 28th. The price of ammonium sulfate increased by 2.65% this month.

2、 Market analysis

The market price of ammonium sulfate has increased this month. In the first half of February, the domestic ammonium sulfate market price slightly decreased. The inquiries in the ammonium sulfate market have decreased, and on-site trading has been average. Affected by snowfall in some parts of China, transportation is not smooth. In the second half of February, the domestic market price of ammonium sulfate increased. Market inquiries have increased, and downstream procurement enthusiasm has increased. Ammonium sulfate manufacturers mainly raise prices, while distributors are actively shipping, and the market has a strong bullish mentality. At the end of the month, prices slightly declined. As of February 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 930-960 yuan/ton.

According to the weekly K-bar chart from December 4, 2023 to February 19, 2024, it can be seen that the domestic ammonium sulfate cycle has seen mixed ups and downs. There was a significant increase in February, with the largest increase being 2.64% in the week of February 19th.

3、 Future Market Forecast

The ammonium sulfate analyst from Business Society believes that the ammonium sulfate market has been consolidating recently. Downstream demand has weakened, with primary procurement for essential needs, and market transactions are still acceptable. It is expected that the short-term trend of ammonium sulfate market will be mainly characterized by narrow fluctuations.