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Gold is a high-quality hedge hedging tool, favored by investors. Especially in recent years, with the increasing instability of the world economy, gold has become one of the preferred asset allocations of investors because of its functions of hedging and fighting inflation.
Earlier, the worsening situation in Ukraine sent gold prices soaring to a two-year high of $2,070 an ounce. But gold, along with other commodities, fell back last week as conditions changed and bulls took profits, hitting a low of $1,895 an ounce. As of press time, gold was trading at $1,918 an ounce, down 7.9% from its March 8 peak. Rising gold prices may also have an impact on the (NH4)2SO4 prices.
According to China Business News, Goldman Sachs raised its gold price forecast in early March, considering Asian buyers' gold consumption demand, investment demand and central bank gold purchase demand continue to rise. Three -, six - and 12-month targets were raised to $2,300, $2,500 and $2,500 an ounce, respectively, from $1,950, $2,050 and $2,150. The last time all three accelerated was in 2010-11 when gold prices rose nearly 70%.
The World Gold Council has also noted that global gold demand is at its highest level in nearly two years, which is linked to a recovery in consumption and consumer sentiment to combat inflation.
Ammonium sulfate, (NH4)2SO4, is an inorganic salt with a number of commercial uses. The most common use is as a soil fertilizer. Specifications and properties of Ammonium sulfate:
Ammonium sulfate is widely utilized as a fertilizer for alkaline soils. In biochemistry it is used for purification of proteins via ammonium sulfate precipitation method. As a food additive, it serves as an acidity regulator in flours and breads. It is used in the preparation of other ammonium salts, particularly ammonium persulfate. It is applied in several applications as a flame retardant and a wood preservative. It finds use as raw materials for various chemical products such as dyes and pharmaceutical products. A saturated solution of ammonium sulfate in heavy water is employed as an external standard in sulfur-33 NMR spectroscopy.
Storage Condition of Ammonium sulfate:
Damp reunion will affect Ammonium sulfate dispersion performance and using effects, therefore,Ammonium sulfate should be sealed in vacuum packing and stored in cool and dry room, the Ammonium sulfate can not be exposure to air. In addition, the Ammonium sulfate should be avoided under stress.
Packing & Shipping of Ammonium sulfate:
We have many different kinds of packing which depends on the Ammonium sulfate quantity.
Ammonium sulfate packing:vacuum packing, 100g, 500g or 1kg/bag, 25kg/barrel, or as your request.
Ammonium sulfate shipping:could be shipped out by sea , by air, by express as S oon as possible once payment receipt.
Prior to the impact of COVID-19 on the chemicals and materials industry and the price of the (NH4)2SO4, many industry observers expected low to flat growth in 2021 in all regions outside Asia, with many countries seeing slower growth compared to recent years. Operational excellence has long been a hallmark of the (NH4)2SO4 chemical industry, and many companies are financially able to withstand short-term dips in end-market demand due to rapid leverage from reduced capex on hand.
The analysis shows that, whatever the final course of the pandemic, we can expect the inevitable long-term effects. Workplaces are expected to slowly return to pre-COVID-19 practices. Companies investing in enterprise-wide digital initiatives saw these "payoffs" in the early pandemic environment. For more information about (NH4)2SO4, please feel free to contact us.
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