Ammonium Sulfate Market Trend Weak and Declining (12.15-12.19)

December 19th News

I. Price Trends

According to the commodity market analysis system, on December 19th, the average market price of caprolactam-grade ammonium sulfate in China was 1100 CNY/ton, compared to the average market price of 1173 CNY/ton on December 15th, indicating a 6.25% decrease in the market price of ammonium sulfate in China.

II. Market Analysis

Supply and Demand Situation

This week, the market price of ammonium sulfate in China has been declining. The operating rate of coke-grade ammonium sulfate remained stable this week, while the operating rate of caprolactam-grade ammonium sulfate decreased, leading to a reduction in market supply. Currently, the demand for ammonium sulfate is weakening, and downstream buyers are resistant to high prices, mainly seeking to purchase at lower prices, resulting in fewer new orders for ammonium sulfate. At present, the export market for ammonium sulfate is weak, and the overall market is relatively quiet.

Market Conditions

As of December 19, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 920 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1050-1100 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that recently, the ammonium sulfate market trend has been mainly weak and downward. Currently, the ammonium sulfate market transactions are weak, with downstream buyers purchasing according to their needs, and the mentality of buying on rising prices and not on falling prices has increased. It is expected that in the short term, the ammonium sulfate prices in China will mainly operate in a weak manner.