Glonghui, November 23 | According to the Shanghai Securities Report, “The price of ammonium sulphosate has continued to fall since last year, and companies in the industry have basically lost money in the third quarter of this year. However, with the beginning of demand for winter reserves in the fourth quarter, pesticides ushered in the traditional peak sales season. Supported by the cost side and demand side, the price of ammonium sulphosate has indeed risen, and there is limited room for future decline.” Recently, the head of a listed agrochemical company told reporters. According to Baichuan Yingfu data, since November 10, the domestic average price of 95% ammonium phosphate powder has risen from 60,000 yuan/ton to 70,000 yuan/ton, an increase of nearly 17% in less than half a month. In the latest research report, Guohai Securities believes that after nearly two years of continuous decline in the price of ammonium sulphosate, it recently bottomed out and rebounded, and industry profits have been restored to a certain extent. Driven by its price recovery, the pesticide industry is expected to pick up.