Ammonium sulfate market continues to weaken

As of the end of July, the mainstream domestic transaction price of ammonium sulfate was 1100-1200 yuan (ton price, the same below), a month-on-month drop of about 18%, and prices in Shanxi, Inner Mongolia and other places even fell to about 1,000 yuan

　　Demand is declining in off-season

Statistics from Henan Chemical Industry Network show that the overall start-up of domestic compound fertilizer plants continued to decline in July

In terms of supply and demand, compound fertilizer enterprises are weak in shipments, resulting in poor production enthusiasm.

Li Bing said that July was the off-season for traditional fertilizer use, and at the same time, affected by the falling prices of urea, compound fertilizer and other series of chemical fertilizers, enterprises and traders were less enthusiastic about purchasing ammonium sulfate, and manufacturers accelerated their shipments when prices fell.

　　No bright spot for export growth

According to customs statistics, from January to June this year, the export of ammonium sulfate was 3.

Shao Huiwen, a senior market commentator, said that the export of ammonium sulfate has been an important channel for downstream consumption over the years and has played an important role in supporting market prices

　　The wait-and-see atmosphere continues

It is learned from Shandong, Hebei, Henan, Shanxi and other places that the auction prices of ammonium sulfate on July 29th for companies such as Shandong Tiexiong Xinsha, Hebei Handan Iron and Steel, Henan Liyuan, and Shanxi Datuhe were 1180 yuan, 1115 yuan, 1,200 yuan and 1,000 yuan, the weekly declines were 9.

Wei Jianyang, general manager of Nanjing Kaiyan Chemical Co.

Some market participants also said that there is no need to be too bearish in the market outlook, and supporting factors still exist

In addition, the current domestic macro background is favorable to the chemical market, and the market correction space is limited