Sulfate of Ammonia Market Stably Operates (12.5-12.11)

December 11th, News

I. Price Trends

According to the commodity market analysis system, on December 11, the average price of caprolactam-grade ammonium sulfate in China was 1,183 CNY/ton, which is the same as the average price of caprolactam-grade ammonium sulfate in China on December 5. The price of ammonium sulfate in China remained stable.

2. Market Analysis

Supply and Demand Situation

This week, the market price of ammonium sulfate in China remained stable. The operating rate of coke-grade ammonium sulfate was steady this week, while the operating rate of caprolactam-grade ammonium sulfate decreased, leading to a reduction in market supply. Currently, market demand is flat, and downstream purchasing enthusiasm has weakened, with most adopting a cautious wait-and-see attitude, resulting in limited new orders for ammonium sulfate. The export situation for ammonium sulfate has also not improved, with terminal demand needing to be enhanced.

Market Conditions

As of December 11, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 970 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1150-1200 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market has been consolidating recently. Currently, the trading atmosphere in the ammonium sulfate market is average, with supply-side support for caprolactam-grade, and downstream purchases are made according to demand. The overall market demand is weak. It is expected that in the short term, the price of ammonium sulfate in China will mainly show a weak consolidation trend.