I. price trend

The market price of ammonium sulphate fell sharply in the third quarter, according to the data in the bulk list of business agencies. On July 1, the average domestic ex factory price of ammonium sulfate was 720 yuan / ton, and on September 30, the average domestic ex factory price of ammonium sulfate was 636 yuan / ton, down 11.57%. So far, the ammonium sulphate commodity index on October 17 is 52.44, which is the same as yesterday, 50.66% lower than the highest point 106.28 (2012-05-24), 43.08% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Products: in the third quarter, the main quotation of ammonium sulfate in Central China is about 500-700 yuan / ton, that in Henan is about 500-700 yuan / ton, that in Hebei is 520-750 yuan / ton, that in East China is 550-730 yuan, and that in North China is 500-720 yuan. Due to the limited market demand, the overall price of coking grade ammonium sulfate in the third quarter was significantly reduced, and the domestic and foreign market of domestic grade ammonium sulfate was cold.

Industry chain: according to the price monitoring of business agencies, the sulfuric acid Market in Shandong fell in the third quarter. The price of raw materials fell slightly, the terminal procurement was average, and the product fell under the contradiction of supply and demand. Under the influence of supply and demand and raw materials, the sulfuric acid market tends to decline. In the third quarter of the downstream compound fertilizer market, the market price fell for a while and many parties held a wait-and-see attitude.

Industry: according to the price monitoring of the business agency, there are three kinds of commodities in the rise and fall list of commodity prices on October 17, 2019, among which epichlorohydrin (1.00%), activated carbon (0.57%) and ethylene (0.03%) are the top three commodities. There are 19 kinds of commodities decreased on a month on month basis, and the top three products were cyclohexanone (- 4.05%), calcium carbide (- 2.84%) and isopropanol (- 2.55%). The average price of this day was – 0.31%.

III. future forecast

According to the analysts of ammonium sulphate of business association, the market of coking grade ammonium sulphate fell sharply in the third quarter due to the lack of favorable market and the limited downstream demand, and the domestic and foreign shipment of domestic grade ammonium sulphate was not ideal. At the beginning of October, the price of ammonium sulfate bottomed out and rebounded, and the market trend slightly recovered. It is expected that the market of ammonium sulfate will be sorted out in the later stage.