I. price trend

According to the data in the business club’s large list, the average domestic ex factory price of ammonium sulfate on October 15 was 620 yuan / ton, and the price per day was increased by 1.08%. On October 15, the ammonium sulfate commodity index was 52.44, up 0.56 points from yesterday, down 50.66% from the highest point 106.28 (2012-05-24), and up 43.08% from the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Products: about 520-700 yuan / ton for mainstream ammonium sulfate in Central China, 520-700 yuan / ton for mainstream ammonium sulfate in Henan, 550-750 yuan / ton for mainstream ammonium sulfate in Hebei, 650-730 yuan / ton for mainstream ammonium sulfate in East China and 600-720 yuan / ton for mainstream ammonium sulfate in North China. As of October 15, the overall price of coking grade ammonium sulphate in China has been slightly increased, and the domestic grade ammonium sulphate Market port is dominated by cargo.

Industry chain: according to the price monitoring of the business agency, the price of the mainstream sulfuric acid manufacturers in Shandong Province is rising slightly, the inventory of the manufacturers is small, and the downstream demand is small. Under the influence of supply and demand and raw materials, the sulfuric acid market tends to rise. The downstream compound fertilizer market is weak and the demand is flat compared with previous years. Autumn fertilizer begins to finish. Winter storage situation is not ideal, because the raw material market is weak, wait-and-see attitude.

Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the rise and fall list of bulk commodity prices on October 15, 2019, including 1 kind of commodity with an increase rate of more than 5%, accounting for 1.2% of the number of commodities monitored in the plate; the top 3 commodities are sulfur (5.32%), light soda ash (1.52%) and ammonium sulfate (1.08%). There are 22 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three products falling are nitric acid (- 5.97%), yellow phosphorus (- 5.49%) and acetone (- 3.02%). The average price of this day was – 0.29%.

III. future forecast

Analysts of ammonium sulphate of business association think that the downstream demand is weak due to the cold market atmosphere. Ammonium sulfate enterprises are actively shipping to prevent the increase of inventory pressure. It is predicted that in the later stage, the market of coking grade ammonium sulphate will fluctuate mainly in the range, and the internal grade will be weak. It is suggested to pay attention to market dynamics and downstream demand.