Ammonium Sulfate Market Prices First Decline Then Rise (August 1-7)

August 7th news

I. Price Trends

According to the commodity market analysis system, on August 7th, the average price of ammonium sulfate in the Chinese market was 1,133 CNY/ton, a decrease of 0.59% from the average price of 1,140 CNY/ton on August 1st in the Chinese market.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China first declined and then increased, with the operating rate of enterprises remaining stable. At the beginning of the week, the trading atmosphere in the ammonium sulfate market was light, with high prices for Indian tenders. Downstream buyers were mainly cautious, leading to limited transactions, and manufacturers focused on fulfilling previous orders. Starting from Wednesday, downstream demand improved, and international urea prices rose, which was beneficial for the ammonium sulfate market, causing a slight increase in the price of ammonium sulfate.

Market Conditions

As of August 7, for coking-grade ammonium sulfate, the main ex-factory price in Shandong region is around 1070 CNY per ton. For caprolactam-grade ammonium sulfate, the main ex-factory price in Shandong region is around 1070-1120 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the market trend for ammonium sulfate has recently shown a strong upward trend. Currently, the supply of ammonium sulfate in the Chinese market is sufficient, and demand still needs to be released, limiting the potential for further price increases. It is expected that in the short term, the prices of ammonium sulfate in China will mainly stabilize.