Weak Demand Leads to Slight Decline in Ammonium Sulfate Prices (8.18-8.22)

August 22nd, according to the news

I. Price Trends

According to the commodity market analysis system, on August 22, the average price of ammonium sulfate in the Chinese market was 1,096 CNY/ton, a decrease of 0.60% from the average price of 1,103 CNY/ton on August 18.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market has slightly decreased. The operating rate of coke enterprises remains stable, while the operating rate of caprolactam enterprises has declined. Currently, the supply of ammonium sulfate is sufficient, but demand is weak. Downstream enterprises are restocking based on rigid demand, mostly purchasing at lower prices, and their purchasing enthusiasm has weakened. The trading atmosphere in the ammonium sulfate market is sluggish, with no positive factors for the time being.

Market Conditions

As of August 22, for coking-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 1,000 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 1,030-1,090 CNY per ton.

III. Market Forecast

Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate has been weak and declining. Currently, the trading atmosphere in the ammonium sulfate market is poor, with low purchasing enthusiasm from downstream buyers, and no positive news on the export front. It is expected that in the short term, the prices of ammonium sulfate in China will mainly show a weak and consolidating trend.