The 7TH international seminar on ammonium sulphate and downstream processing industry conference hold in Zibo,Shangdong. 350delegate attend the conference,Ms Qi ruiling represent our company attend the meeting.Share ideas and strengthen industry communication with experts in the ammonium sulphate industry,jointly promote the development of the field.

Mr. Zhao Bowen, a researcher in the energy and dual carbon industry at Zhuochuang Information Research Institute, shared his insights “prospects and Analysis of Domestic and International Macroeconomic Situation in the Second Half of 2024”at the meeting.While global economic growth is slowing down, global inflation is gradually falling from high levels, but the absolute level is still not low.IMF prediction the whole world 2023 CPI the year-on-year growth rate has fallen from 8.7% in 2022 to 6.8%,further decline to 5.9% in 2024 and 4.5% in 2025.The gradual decline of inflation means that the tightening process of global monetary policy is about to end.2024 is expected to usher in a turning point in global liquidity.

Urea and ammonium sulfate, as two representative products in the nitrogen fertilizer market, have always been highly regarded.China is the world's largest producer of urea,but the industry concentration is relatively low,the total proportion of production capacity of the top ten enterprises in 2022 is 28%,overall, it presents the characteristics of large-scale distribution close to the main production and consumption ends.The distribution of domestic urea production capacity is mainly concentrated in the source areas of raw materials and the concentration areas of demand.North China and East China are the most concentrated regions for production capacity and consumption.In most area of the world,urea mainly used in agriculture.The global urea trade volume in 2023 is approximately 53 million tons,equivalent to 30% of global urea production,the Middle East region has the largest export volume, accounting for over one-third of the total.

The production capacity of ammonium sulfate in China is increasing year by year from 2019 to 2023.By 2023, the production capacity will increase by 3.45 million tons to around 24.39 million tons.Year on year growth rate of approximately 16.5%.Accompanied by the commissioning of new facilities by Hunan Petrochemical, Luxi Chemical, and Hubei Sanning Chemical in 2024,The total production capacity has also reached an unprecedented height.With the continuous increase in the production capacity of ammonium sulfate‌,the export volume of ammonium sulfate has increased step by step from 1.15 million tons in 2010.Accumulated export volume of 7.944 million tons from January to July 2024,year on year increase of 15%,In 2024, the ammonium sulfate industry will see a double increase in supply and demand. What is the future market direction?
More information about the fertilizer industry such as ammonium sulfate and urea,welcome to inquire about Yueyang Juyuan Petrochemical Co., Ltd.We will provide you with professional and sincere service.