According to the Commodity Market Analysis System of SunSirs, the average factory price of domestic ammonium sulfate on August 1st was 1,052 RMB/ton. On August 28th, the average factory price of domestic ammonium sulfate was 920 RMB/ton. This month, the price of ammonium sulfate was decreased by 12.59%.

　　Analysis review

　　This month, the market price of ammonium sulfate fell from a high level, and the price had dropped significantly. In early August, the ammonium sulfate market continued its previous trend, with prices rising slightly. The high price of urea remained a positive factor. The international market for ammonium sulfate was performing well, with strong support from export orders. Downstream and distributors were actively restocking. The bidding price of coking grade ammonium sulfate had increased, while the price of CPL grade ammonium sulfate had also increased. Starting from August 7th, the price of ammonium sulfate began to decline and continued to decline until the end of the month. The international market for ammonium sulfate performed poorly, with a significant price decline, which had a bearish impact on the domestic market. Combined with the continuous increase in prices before, the price of ammonium sulfate had been at a high level, and downstream and dealers had a resistance towards high prices. The bidding price of ammonium sulfate had significantly decreased, and the focus of market transactions had declined. As of August 28th, the mainstream quotation for coking grade ammonium sulfate in Hebei region was around 900 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 900-940 RMB/ton.

　　According to the weekly fluctuations from May 29, 2023 to August 21, 2023, it can be seen that the rise and fall of domestic ammonium sulfate cycle were mixed. There was a significant decline in August, with the largest decline being 6.9% in the week of August 14th.

　　The downstream compound fertilizer market showed a positive trend this month, with prices operating on a stronger side. The prices of urea, phosphorus, and potassium, the raw materials for compound fertilizers, had increased, resulting in strong cost support. In addition, the company had sufficient waiting volume for shipment, and the focus of transactions on the market had increased, resulting in a strong market in the short term.

　　Market outlook

　　According to ammonium sulfate analysts from SunSirs, the international market for ammonium sulfate had been continuously sluggish recently, and the domestic market had a strong wait-and-see mentality. Downstream procurement was just in needed, and dealers mainly operated cautiously. It is expected that the price of ammonium sulfate will continue to weaken and decline in the short term.

From：SunSirs