Ammonium Sulfate Market Shows Strong Increase (1.5-1.12)

January 12th, News

I. Price Trends

According to the commodity market analysis system, on January 12, the average market price of caprolactam-grade ammonium sulfate in China was 1,063 CNY/ton, an increase of 1.59% from the average market price of 1,046 CNY/ton on January 5.

II. Market Analysis

Supply and Demand Situation

This week, the market price of ammonium sulfate in China has risen. 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. The price of urea increased this week, which indirectly benefited the ammonium sulfate market. The demand for ammonium sulfate is stable, and the trading atmosphere has improved. However, downstream purchases remain cautious, with most transactions still focusing on lower prices.

Market Conditions

As of January 12, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 910 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1020-1070 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that recently, the ammonium sulfate market trend has been mainly strong and upward. Currently, the ammonium sulfate market is favorable, with manufacturers and dealers mainly holding firm on prices. Terminal demand is moderate, limiting the room for price increases. It is expected that in the short term, the ammonium sulfate market prices in China will mainly remain strong and stable.