1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1291 yuan/ton on September 1, and 1430 yuan/ton on September 29. The price of ammonium sulfate rose 10.71% this month.

2、 Market analysis

The price of ammonium sulfate rose this month. At the beginning of September, ammonium sulfate began to rise continuously. The downstream operating rate of ammonium sulfate has increased, and the demand for ammonium sulfate has increased. There are many export inquiries, and the ammonium sulfate market is running well. The urea market rose, which was beneficial to the ammonium sulfate market. Under the influence of multiple favorable factors, the bidding price of ammonium sulfate in the coking plant has risen significantly, and domestic enterprises have sold at a fixed price. On September 13, ammonium sulfate began to slightly decline and consolidate until the end of the month. The market price of ammonium sulfate fluctuated slightly, and the price of each region rose and fell in tandem. Downstream purchase on demand, still resistant to high prices, mainly cautious operation. As of September 29, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1380 yuan/ton, and that in Hebei was about 1370 yuan/ton. Domestic ammonium sulfate, the factory quotation in Shandong is 1380-1540 yuan/ton.

According to the weekly rise and fall chart from July 4, 2022 to September 25, 2022, it can be seen that the domestic ammonium sulfate has increased a lot in the cycle. The maximum increase was 9.96% in the week of August 29, and the maximum decrease was -7.52% in the week of July 11.

This month, the downstream compound fertilizer market was stable and running well, the operating rate was increased, and the purchase of ammonium sulfate was mainly needed. In the compound fertilizer market, the wheat fertilizer is mainly sold, the demand for raw materials increases, and the trading volume on the market increases. The urea market stabilized after rising this month, which was beneficial to the ammonium sulfate market.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that the market of ammonium sulfate has been weak recently, the bidding price of coking grade ammonium sulfate has been lowered slightly, and the internal grade ammonium sulfate has temporarily stabilized. As the National Day holiday approaches, the demand for goods in the lower reaches turns weak, and there is still resistance to high prices. It is expected that the ammonium sulfate market will fluctuate in a narrow range and the price will fall slightly in the short term.