The price of ammonium sulphate hits a record high, the increase rate reaches 85% in six months

Since the beginning of the year, the domestic ammonium sulphate market has continued to rise, and after a two-month high after the sharp rise in the first quarter, the rising market has resumed
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"This year's continuous push for ammonium sulphate is the first time since the 2008 financial crisis, and the price has hit a new high in more than ten years
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Changes in demand structure

"For most of the time before 2020, due to the relatively stable demand structure, the price of ammonium sulfate fluctuated between 400 and 600 yuan, which was not large.
Even short-term fluctuations during the period were mainly caused by the short-term imbalance of market supply and demand, which did not appear this year.
Continued to push up the market
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Coking companies in Henan, Shanxi, Hebei and other places believe that the elimination of outdated production capacity in the coking industry and the impact of policies such as carbon peaking and carbon neutrality have increased the expected decline in future ammonium sulfate production capacity, which has also contributed to this round of market hype
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Urea continues to rise

According to statistics from Henan Chemical Network, the domestic mainstream transaction price of urea, a related product of ammonium sulfate, has risen from 1,800 yuan at the beginning of the year to more than 2,700 yuan at present.
The increase has reached 50% in half a year, setting a new high for many years, and has played a major role in the ammonium sulfate market.
Push up the effect
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　　A person in charge of Pingmei Shenma Group’s operating company told reporters: “Our boom in ammonium sulfate production and sales this year has benefited from the continued push up of the urea market
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　　Continuous increase in exports

　　According to customs statistics, China exported 920,300 tons of ammonium sulfate in April, a year-on-year increase of 27%; in May, exports of 798,800 tons, a year-on-year increase of 45.
4%
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　　Henan transport operator Meng Jianwei said that in the past two months, because of the large export volume of the port, the amount of ammonium sulphate transported by containers was relatively large, which also reflects the good export market of this product from the side
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　　According to economic sources, this year's impact on the impact of the epidemic on the large-scale release of US dollars, although the impact on some developed countries and some large developing countries is not so obvious, but the economic impact on some small and medium-sized countries in Southeast Asia has gradually appeared
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　　Industry experts said that basic benefits such as the steady improvement of domestic macroeconomics and the lack of substantial growth in supply in the short term will still support the ammonium sulfate market
.