1、 Price trend
According to the monitoring data of business agency, the average ex factory price of ammonium sulfate in China was 563 yuan / ton on February 17, and 566 yuan / ton on February 24, with a price increase of 0.59%. On February 24, the ammonium sulfate commodity index was 47.42, which was the same as yesterday. It was 55.38% lower than the highest point 106.28 (2012-05-24), and 29.39% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)
2、 Market analysis
Product: ammonium sulfate market rose slightly this week. The main quotation of ammonium sulfate in Central China is about 450-650 yuan / ton, that in Henan is 420-650 yuan / ton, that in Hebei is 480-700 yuan / ton, that in East China is 450-650 yuan, that in North China is 420-650 yuan / ton, and that in Northeast China is 450-650 yuan / ton.
Industrial chain: the downstream compound fertilizer market recovered, the enterprise operating rate increased significantly, and the market gradually recovered. The rise in raw material prices pushed up the price of compound fertilizer. Transportation has improved slightly, and transportation capacity has gradually recovered.
Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the seventh week of 2020 (2.17-2.21), there are 26 kinds of commodities in the chemical industry sector, including 4 kinds of commodities with an increase of more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities are crude benzene (8.74%), propylene (8.45%) and ethanol (6.16%). There are 19 kinds of commodities falling on a month on month basis, and the top three products were hydrogen peroxide (- 4.78%), acetic acid (- 4.24%) and TDI (- 4.05%). This week’s average was 0.1%.
3、 Future forecast
According to the analysts of ammonium sulphate of the business association, the market of coking grade ammonium sulphate is getting better gradually, the supply of domestic grade ammonium sulphate is in short supply, the starting price is low, and the manufacturers are actively pricing up. It is expected that the coking grade ammonium sulfate will increase slightly in the later stage, and the weak finishing of the domestic grade ammonium sulfate will be the main one.