1、 Price trend
| Sodium Molybdate |
According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market on January 1st was 833 yuan/ton, and on January 7th, the average price of domestic ammonium sulfate market was 796 yuan/ton. This week, the price of domestic ammonium sulfate market decreased by 4.40%.
2、 Market analysis
This week, the price of ammonium sulfate in the domestic market has fallen. Foreign orders are relatively low, domestic market demand is poor, downstream delivery capacity is weakened, and market bearish sentiment is strong. As of January 7th, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 750-800 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 785-870 yuan/ton.
3、 Future Market Forecast
Analysts from Shengyishe Ammonium Sulfate believe that the recent trend in ammonium sulfate prices is weak. The supply side is relatively abundant, while the demand side takes less goods. The short-term market situation is currently not favorable, and it is expected that the domestic ammonium sulfate market price will be weak and mainly consolidating in the short term.
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