The ammonium sulfate market bottomed out

Since the beginning of August, the domestic ammonium sulfate market has stabilized after more than 3 months of bottoming out, and then rebounded all the way, rehearsing the "Golden Nine Silver Ten" market

"The rebound in the ammonium sulfate market is mainly caused by

Downstream continuous pull

Since August, the operating rate of downstream compound fertilizer enterprises has continued to increase, and the demand for ammonium sulfate for agriculture has continued to grow

Statistics from Henan Chemical Industry Network show that as of September 8, the average operating rate of domestic compound fertilizer enterprises has increased to about 35%, an increase of 13 percentage points from

Liu Changqing said that autumn wheat fertilizer preparation in some areas such as Anhui and Henan has gradually started, and the amount of regional fertilizer receiving will increase

In addition, the export market, which has been tepid, has begun to improve, and the supply of goods entering the port has begun to increase, which has become another major factor

Supplies are expected to be tight

From the supply point of view, the recent domestic ammonium sulfate production has not changed much, and the social supply source is basically flat, but the circulation has declined

Statistics show that as of September 2, the average operating rate of domestic coke enterprises was 76.

"Starting from September 5, the Wari Railway, which runs from northwest to southeast of Shanxi Province, will start a 20-day autumn intensive maintenance, and the transportation of raw materials for coking enterprises will be restricted

The mentality changes from weak to strong

Shao Huiwen, a senior commentator in the market, said that in addition to production capacity, logistics and exports, the change of traders' mentality is also one of

"Since the middle of May, ammonium sulfate has been falling back for 3 consecutive months, and traders around the world have a strong bearish mentality, participating in the bidding of coking enterprises to continuously reduce prices and reduce trading volume

Some people in the industry believe that although the ammonium sulfate market will still tend to rise at a high level, it also needs to be handled cautiously