1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China on August 31 was 578 yuan / ton, while that on September 4 was 571 yuan / ton. The price fell by 1.15% this week.

2、 Market analysis

Due to insufficient market demand, domestic ammonium sulfate prices fell slightly this week. The main ex factory quotation of ammonium sulfate in Central China is about 550-650 yuan / ton, that of Henan Province is 530-580 yuan / ton, that of Hebei Province is 470-540 yuan / ton, that of Shandong Province is 520-570 yuan / ton, that of East China is 550-650 yuan / ton, that of North China is 500-650 yuan / ton The main ex factory quotation of ammonium sulfate is 520-630 yuan / T.

This week, the downstream compound fertilizer market price fine adjustment, the overall market is stable. New orders have a small increase, the market demand is still to be strengthened. Compound fertilizer raw material market is stable, the cost has not changed too much. Compound fertilizer enterprises generally hold a wait-and-see attitude.

3、 Future forecast

Business Club ammonium sulfate analysts believe that the current coking grade ammonium sulfate market trend is weak, the market demand is insufficient. The export situation of domestic ammonium sulfate is better and the market trend is good. It is expected that in the short term, ammonium sulfate will fluctuate in a small range.

Zinc price trend

According to the data monitoring of the business agency, the zinc market rose step by step in August, and the zinc price was basically stable after that. As of August 31, the average price of zinc was 20273.33 yuan / ton, up 6.81% compared with 18980.00 yuan / ton on August 1 at the beginning of the month. The price of zinc fluctuated and rose in August. However, the price of zinc dropped slightly in the last ten days of August, and the daily rise and fall were less than 200 yuan / ton. The zinc price in the last ten days of August was basically stable and weakened slightly.

Manufacturing Purchasing Manager Index

According to the data released by the National Bureau of statistics, the purchasing manager index (PMI) of China’s manufacturing industry was 51.0% in August, slightly down 0.1% from the previous month, and the manufacturing industry as a whole was running smoothly. The rise of the manufacturing index indicates that economic activity is active, and the demand for zinc is high, which is slightly lower than that of last month. The growth rate in the future market may slow down, and the future demand for zinc ingot may decline.

Construction of real estate market

It can be seen from the trend chart of the construction area of the real estate market that since 2020, affected by the epidemic situation, the newly started construction area and completed area of the real estate market have decreased significantly. With the comprehensive resumption of construction and production in China, the real estate market has recovered rapidly, and the newly started area and completed area have increased significantly. Although the real estate market is gradually warming up, compared with the construction area in previous years, the growth rate of the real estate market is significantly slower, and the growth rate of the demand for zinc market is slowing down. The decrease of new construction area in the real estate market indicates that the demand for zinc in the future market is weakened, and the support for the rise of zinc price in the future market is weakened.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: from the data of the National Bureau of statistics, China’s economy is still on the upward trend, and there is still room for the demand in the zinc market to rise. However, the real estate market is gradually warming up, and the demand for zinc market has increased significantly. However, the economic growth is slowing down, and the construction of the real estate market is decreasing. The future demand of zinc market is expected to decline, and the support for zinc price is insufficient. It is expected that the future zinc price will fluctuate and decline, and the support of zinc price will be insufficient.