Ammonium Sulfate Market Prices Weakly Decline (8.11-8.15) in China

August 15th News

I. Price Trends

According to the commodity market analysis system, on August 15, the average price of ammonium sulfate in the Chinese market was 1,113 CNY/ton, a decrease of 1.18% from the average price of 1,126 CNY/ton on August 11 in the Chinese market.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market has shown a weak decline. The operating rate of coke enterprises remains stable, while the operating rate of caprolactam enterprises has increased. Currently, the supply of ammonium sulfate in the market is sufficient, with fewer inquiries from downstream buyers and weakened purchasing enthusiasm, leading to a quiet trading atmosphere. The export market situation is poor, putting pressure on companies to clear inventory, and the ammonium sulfate market is operating weakly.

Market Conditions

As of August 15, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1,030 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1,040-1,090 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the market trend for ammonium sulfate has been weak and downward recently. Currently, the supply of ammonium sulfate in the Chinese market exceeds demand, with poor trading activity, and no improvement in exports. It is expected that in the short term, the price of ammonium sulfate in China will mainly show a weak and adjusted trend.