Ammonium sulfate market is still weak, negotiate deserted

Monitoring data show that on the 26th, the domestic market for ammonium sulfate has not improved, and the discussion in the market has been relatively deserted. Among them, the southern market continued to decline due to the pressure of recent shipments.

At present, the high-level goods in East China have been blocked and the talks are mostly at low levels. Among them, the inventory pressure in Shandong has increased. Although the mainstream offer prices in Jiangsu, Zhejiang, and Anhui provinces have not fluctuate, the actual talks have declined by nearly RMB 20/ton, Jiangxi Province. In fact, prices in Fujian and Fujian have dropped by around RMB 60-120/t, while prices in North China have been stable. However, the actual transaction prices have been lowered, and the high transaction volume has been weak. The high supply in the Central China market has decreased, and the transactions have been at low levels; the Northeast region was yesterday. The price fell by 50 yuan/ton, but it did not bring any improvement to the market transactions. The prices in the northwest and southwest regions were stable, and the transaction was normal.

The current market demand for ammonium sulfate is still weak, but the decline in space is limited due to the limited output of coking enterprises. In terms of chemical fertilizers, the compounding rate has not been able to increase due to delays in operating rates. The market conditions are still sluggish. Although autumn fertilizers have entered the routine preparation period, actual procurement has not yet commenced. On the export side, the situation of low prices has not improved, and ammonium sulfate has not improved. Market support is limited; for rare earths, no comprehensive recovery has been heard and support is still weak. In the later period, the start of preparation of fertilizer in the fall will be the key to the turnaround of the ammonium sulfate market.