The price of ammonium sulfate hits a record high

Since October, the domestic ammonium sulphate market has experienced a two-month high level consolidation before picking up its upward trend

"Last week, the price of ammonium sulphate here has risen by 1,000 yuan a day.

Decrease in supply and increase in demand

Statistics from Henan Chemical Network show that as the winter storage is approaching, the operating rate of domestic compound fertilizer companies gradually picked up in October, from 27% at the beginning of the month to the current 33%

Zhang Yi said that the increase in operating rate of downstream enterprises has increased the purchase of ammonium sulfate

According to Henan urea companies, since September, the price of urea has risen from 2,400 yuan to the current 3,200 yuan, an increase of more than 33%; in October, the FOB price of urea ports has reached 4,000 yuan, and the increase in urea prices has also affected the ammonium sulfate market.

The volume and price of external disks have risen

Senior market commentator Shao Huiwen believes that the continuous rise of the international ammonium sulfate market in October triggered a substantial increase in exports, which is also one of the main factors for the domestic ammonium sulfate price to hit a new high

Port information shows that on October 15, FOB China's ammonium sulfate price has risen to US$320-345, which is equivalent to more than 2,200 yuan in RMB, which is nearly 1,000 yuan higher than the domestic market price in the same period.

　　"Because ammonium sulfate products come from industries such as coking, power desulfurization, caprolactam, etc.

　　Prevent callback risks

　　According to the person in charge of a coking company in Pingmei Shenma, due to the "dual control" of energy consumption, many domestic coking companies have very little coal consumption indicators during the year.

　　“Affected by the sharp increase in the price of ammonium sulfate, fertilizer companies are cautious in obtaining goods due to the low acceptance of terminal agricultural demand, and their demand for ammonium sulfate is relatively weak

　　Industry insiders analyzed that on October 25, the National Development and Reform Commission announced that it will strengthen the credit supervision of the performance of medium and long-term coal supply contracts in accordance with the law, urge the contracted market entities to strictly perform the contractual obligations, and the market entities that do not strictly perform the contract will be included in the record of dishonesty.