1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1175 yuan / ton on August 1 and 1117 yuan / ton on August 31. The price of ammonium sulfate fell by 4.89% this month.

On August 31, the ammonium sulfate commodity index was 93.51, down 2.1 points from yesterday, down 12.02% from the highest point of 106.28 points in the cycle (2012-05-24), and up 155.14% from the lowest point of 36.65 points on June 23, 2014（ Note: the period refers to the period from September 1, 2011 to now).

2、 Market analysis

The ammonium sulfate Market was stable in the first ten days of this month. The demand for coking grade ammonium sulfate weakens and the market price weakens. The demand for hexyl ammonium sulfate is acceptable, and it just needs to be purchased in the downstream. The price of ammonium sulfate began to fall in late this month. The coking grade market was poor, and the enterprise reduced the price slightly. The supply and demand of Hexian ammonium sulfate is balanced, and the downstream is purchased on demand, and the market is generally stable. For coking grade ammonium sulfate this month, the mainstream factory quotation of ammonium sulfate in Shandong is 1050-1150 yuan / ton, that in Hebei is 1050-1150 yuan / ton, that in Shanxi is 950-1050 yuan, and that in East China is 1100-1200 yuan / ton.

At the beginning of this month, the market of downstream compound fertilizer changed little. At the end of this month, the price of compound fertilizer fell steadily due to the weak raw material market and weak cost support. As the price of urea fell this month, the negative situation appeared, and the market of compound fertilizer was affected. At present, the downstream of the compound fertilizer market mostly takes a wait-and-see attitude.

3、 Future forecast

Ammonium sulfate analysts of business society believe that due to the current off-season sales of ammonium sulfate, the market demand is weak and the range is adjusted in a narrow range. The downstream mainly purchases on demand, with obvious wait-and-see attitude and reduced supply. It is expected that the price of ammonium sulfate in next month will be dominated by consolidation and operation, and it is recommended to pay attention to the change of terminal demand.