Ammonium Sulfate Market Prices Continue to Fall (9.15-9.19)

September 19, News

I. Price Trends

According to the commodity market analysis system, on September 19, the average price of ammonium sulfate in the Chinese market was 946 CNY/ton, a decrease of 1.39% from the average price of 960 CNY/ton on September 15.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China continued to decline. The operating rate of caprolactam-grade increased this week, while the operating rate of coke-grade remained stable. Currently, the supply of ammonium sulfate is sufficient, but demand remains weak, and the market transaction atmosphere is poor. Downstream players are still maintaining a wait-and-see attitude, and purchases are cautious. There are no positive developments in exports.

Market Conditions

As of September 19, for metallurgical grade ammonium sulfate, the main ex-factory quotation in Shandong region is around 860 CNY/ton. For caprolactam grade ammonium sulfate, the main ex-factory quotation in Shandong region is around 900-950 CNY/ton.

III. Market Forecast

Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate has been weak and declining, but is now stabilizing. Currently, the supply of ammonium sulfate in the Chinese market exceeds demand, and there are no positive market signals. It is expected that in the short term, the price of ammonium sulfate in China will mainly show a weak and consolidating trend.