Ammonium Sulfate Market Prices Show a Weak Downward Trend (9.1-9.5) in China

September 05, News

I. Price Trends

According to the commodity market analysis system, on September 5th, the average price of ammonium sulfate in the Chinese market was 1026 CNY/ton, a decrease of 2.53% from the average price of 1053 CNY/ton on September 1st in the Chinese market.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market has shown a weak downward trend. The operating rate of coke enterprises remains stable, while the operating rate of caprolactam enterprises has slightly increased. Currently, the supply of ammonium sulfate in the market is sufficient, with weak demand from abroad. Downstream buyers are purchasing according to their needs, and the overall sentiment is bearish, leading to a poor trading atmosphere. It is unlikely that demand will improve in the short term.

Market Conditions

As of September 5, for metallurgical grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 950 CNY per ton. For caprolactam grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 960-1010 CNY per ton.

III. Market Forecast

Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate is mainly weak. Currently, the trading in the ammonium sulfate market is sluggish, with reduced enthusiasm from downstream buyers, and exports remain weak. It is expected that in the short term, the prices of ammonium sulfate in China will mainly show a weak trend.