Ammonium sulfate partial market downturn

Ammonium sulfate partial market downturn On April 1st, the ammonium sulfate market saw a slight decline in actual trading. The East China market experienced a drop, with Nanjing Steel reducing prices by RMB 50 per ton at the start of the month and Maanshan Steel following suit by the end of the month. Prices in the region were weak, with sellers showing a stronger inclination to cut prices. In Central China, the market also softened, with transaction volumes remaining low. In North China, maintaining high prices proved difficult, as Hebei saw price reductions, while Inner Mongolia remained weak but stable. Local demand was the main driver, with fewer exports being arranged. In the Northeast, the market remained stable but cautious, with offers still holding at higher levels. With the conclusion of spring planting procurement, the fertilizer market has slowed down its buying activity for ammonium sulfate. Port operations have seen weak new order performance, and the international ammonium sulfate market fluctuated last week, which had little impact on port sentiment. Additionally, the rare earth market provided no significant support. However, recent declines in the coke market have led to reduced operating rates among coke producers, offering some support to the ammonium sulfate sector. Despite this, weakening rigid demand suggests that the latter part of the ammonium sulfate market is unlikely to improve, and further declines are still expected in the near term.

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