1、 Price trend

According to the Commodity Market Analysis System of Shengyishe, the average price of ammonium sulfate in the domestic market was 830 yuan/ton on May 17th, and 840 yuan/ton on May 23rd. This week, the price of ammonium sulfate in the domestic market increased by 1.20%.

2、 Market analysis

The domestic ammonium sulfate market price has risen this week. At present, the operating rate of enterprises is low, and the market supply is tight. Downstream on-demand procurement, increased inquiries, and stable market trading. The increase in urea prices this week is beneficial for the nitrogen fertilizer market and the ammonium sulfate market. The export market is still weak and has not improved yet. As of May 23rd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 825 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 840-860 yuan/ton.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Sulfate, the market price of ammonium sulfate has recently risen, and market trading has increased. Manufacturers are mainly hesitant to sell. It is expected that the domestic ammonium sulfate price will continue to be strong in the short term, with consolidation and operation being the main focus.