Ammonium Sulfate Market at High Level Consolidation (10.17-10.23)

October 23rd, according to reports

I. Price Trends

According to the commodity market analysis system, on October 23, the average price of caprolactam-grade ammonium sulfate in China was 1,070 CNY per ton, which is the same as the average price of caprolactam-grade ammonium sulfate in China on October 17. The price of ammonium sulfate in China remained stable.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market remained stable. The operating rate of ammonium sulfate enterprises this week was relatively steady. Last week, the price of ammonium sulfate kept rising, leading to increased caution in the market, and the price of ammonium sulfate remained stagnant. Currently, the supply of ammonium sulfate in the market is stable, with downstream demand being met by necessary restocking. There are no positive developments internationally, and market transactions are limited.

Market Conditions

As of October 23, for metallurgical-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 960 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1030-1080 CNY/ton.

III. Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has been stable recently. Currently, there is a supply and demand tug-of-war in the ammonium sulfate market, with reduced trading volume and a prevailing wait-and-see attitude. It is expected that in the short term, the price of ammonium sulfate in China will remain in a stalemate and consolidation phase.