Ammonium Sulfate Market Prices Slightly Increase (11.17-11.21) in China

November 21, news

I. Price Trends

According to the commodity market analysis system, on November 21, the average market price of caprolactam-grade ammonium sulfate in China was 1,063 CNY/ton, compared to 1,060 CNY/ton on November 17. The price of ammonium sulfate in China increased by 0.31%.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market has slightly increased. The operating rate of coke-grade ammonium sulfate remained stable this week, while the operating rate of caprolactam-grade ammonium sulfate was reduced, leading to a decrease in market supply. Caprolactam manufacturers mainly maintained their prices. Downstream purchasing enthusiasm was not high, with many adopting a wait-and-see attitude, resulting in limited trading volume of ammonium sulfate, and terminal demand needs to be improved.

Market Conditions

As of November 21, for coking-grade ammonium sulfate, the main ex-factory price in Shandong region is around 940 CNY per ton. For caprolactam-grade ammonium sulfate, the main ex-factory price in Shandong region is around 1,040-1,070 CNY per ton.

III. Market Forecast

Ammonium sulfate analysts believe that the market trend for ammonium sulfate has recently shown a slight increase. Currently, the demand for ammonium sulfate is stable, with downstream buyers replenishing their stocks based on immediate needs. It is expected that in the short term, the prices of ammonium sulfate in China will mainly undergo minor adjustments.