1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 19th was 946 yuan/ton, which is 1.39% lower than the average price of 960 yuan/ton on September 15th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices continued to decline. This week, the internal level operating rate has increased, while the coking level operating rate has remained stable. At present, the supply of ammonium sulfate market is sufficient, but the demand side is still weak, and the market transaction atmosphere is not good. Downstream companies still maintain a wait-and-see attitude and are cautious in their procurement. There is currently no positive news in terms of exports.
market situation
As of September 19th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 860 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 900-950 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent market trend of ammonium sulfate has been weak and has stabilized after a decline. At present, the ammonium sulfate market has strong supply and weak demand, and there is currently no positive information in the market. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.