SunSirs: Market Weakened and Ammonium Sulfate Prices Fell (November 1-7)

　　Price trend

　　According to the monitoring data of SunSirs, the domestic average ex-factory price of ammonium sulfate was 1,906 RMB/ton on November 1, and the domestic average ex-factory price of ammonium sulfate was 1,656 RMB/ton on November 7. The price of ammonium sulfate dropped by 13.11% this week.

　　Analysis review

　　The price of ammonium sulfate fell this week, and the price of ammonium sulfate in various regions in the country fell in different degrees. The domestic market was mainly running weakly. Although the demand side was still there, downstream companies were resistant to high prices and had an obvious wait-and-see attitude. This week, ammonium sulfate, the mainstream ex-factory price of ammonium sulfate in Shandong area was 1500-1,800 RMB/ton, the mainstream ex-factory price of ammonium sulfate in Hebei area was 1,500-1,650 RMB/ton, and the mainstream ex-factory price of ammonium sulfate in Shanxi area was 1,400-1,600 RMB/ton.

　　The downstream compound fertilizer fluctuated slightly this week, with mixed fluctuations. Due to the falling price of compound fertilizer raw materials and insufficient cost support, the market had no clear guidance. The downstream purchased a small amount of goods, and the insiders were cautious. It is recommended to pay attention to changes in raw materials and the introduction of related policies.

　　Market outlook

　　The ammonium sulfate analyst of SunSirs believes that due to the impact of environmental protection production restrictions and dual control, some devices are being overhauled and stopped, and it is difficult to increase the supply. At present, domestic and foreign demand is acceptable, and the market is not good for the time being. It is expected that the price of ammonium sulfate will operate steadily in the short term and will fluctuate slightly mainly.