On April 1st, the ammonium sulfate market saw a slight decline in actual transactions. The East China market experienced a downward trend, 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 remained high but showed weak demand, with more sellers showing willingness to cut prices. In Central China, prices also declined, and trading activity remained sluggish.
In North China, maintaining high prices became difficult, as seen in Hebei where prices dropped slightly, while Inner Mongolia's market remained weak but stable. Local manufacturers focused on selling within their regions, with fewer exports. In the Northeast, the market remained steady but cautious, with offers still held at higher levels.
With the end of the spring farming procurement season, the overall fertilizer market slowed down, leading to reduced purchases of ammonium sulfate. Port operations also showed weak new order performance, and the international ammonium sulfate market had mixed movements last week, which had limited impact on port sentiment. Additionally, the rare earth market did not provide strong support.
However, due to the recent poor performance of the coke market, coke companies have reduced their operating rates, which has provided some level of support for the ammonium sulfate market. Despite this, the weakening of rigid demand suggests that the latter part of the ammonium sulfate market is unlikely to see any significant improvement. It remains likely that prices will continue to fall in the coming weeks.Diaphragm Fiber Fabric Air Duct
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