Ammonium Sulfate Market Prices Show a Small Increase (11.8-11.14)

November 14, News

I. Price Trends

According to the commodity market analysis system, on November 14, the average price of caprolactam-grade ammonium sulfate in China was 1,053 CNY per ton, compared to the average price of 1,036 CNY per ton on November 8. The price of ammonium sulfate in China increased by 1.61%.

II. Market Analysis

Supply and Demand Situation

This week, the market price of ammonium sulfate in China has slightly increased. The operating rate of ammonium sulfate enterprises this week is stable, and caprolactam-grade enterprises may reduce their load later. Ammonium sulfate manufacturers are mainly maintaining their prices, with coking-grade ammonium sulfate remaining temporarily stable, while caprolactam-grade manufacturers have raised their quotations. Downstream buyers are replenishing stocks based on rigid demand, but many are adopting a wait-and-see attitude, resulting in a lukewarm market trading atmosphere.

Market Conditions

As of November 14, for the coking grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 940 CNY per ton. For the caprolactam grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1020-1060 CNY per ton.

III. Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has been steadily rising recently. Currently, the demand for ammonium sulfate is stable, and the premium grade market conditions are favorable. It is expected that in the short term, the price of ammonium sulfate in China will mainly move upward with slight adjustments.