Ammonium Sulfate Market Stably Operates in China (11.1-11.6)

November 06, News

I. Price Trends

According to the commodity market analysis system, on November 6, the average price of caprolactam-grade ammonium sulfate in China was 1036 CNY/ton, which is the same as the average price on November 1. The price of ammonium sulfate in China remained stable.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market mainly remained stable. The operating rate of ammonium sulfate enterprises this week was steady, with no significant changes in supply. Downstream purchases were made according to demand, and the market trading atmosphere was flat. Currently, the supply and demand for ammonium sulfate in the market are balanced. There is no positive news on the export front, and the market maintains a cautious and wait-and-see attitude.

Market Conditions

As of November 6, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 940 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1,000-1,040 CNY/ton.

III. Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has been stable recently. Although there are not many inquiries in the current ammonium sulfate market, demand still has support. It is expected that the short-term ammonium sulfate market in China will mainly operate with a stable and orderly trend.