Ammonium Sulfate Market Trend Weakens and Declines (10.23-10.29)

October 29, News

I. Price Trends

According to the commodity market analysis system, on October 29th, the average market price of caprolactam-grade ammonium sulfate in China was 1,036 CNY per ton, a decrease of 3.11% from the average market price of 1,070 CNY per ton on October 23rd.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China has shown a weak downward trend. The operating rate of ammonium sulfate enterprises this week has been relatively stable, and the supply of the ammonium sulfate market is stable. Due to the continuously high prices of ammonium sulfate, the market is mainly in a wait-and-see attitude. Downstream rigid demand for replenishment has weakened purchasing intentions. Internationally, there is no positive news, and market transactions are limited.

Market Conditions

As of October 29, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 960 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1010-1040 CNY/ton.

III. Market Forecast

Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate has been weak and downward. Currently, inquiries in the ammonium sulfate market have decreased, and after a period of continuous price increases, downstream buyers have become more cautious, leading to a slowdown in market transactions. It is expected that in the short term, the prices of ammonium sulfate in China will mainly stabilize or decrease.