Ammonium Sulfate Market Shows Strong Performance (1.12-1.16)

January 16 news

I. Price Trends

According to the commodity market analysis system, on January 16th, the average price of caprolactam-grade ammonium sulfate in China was 1096 CNY/ton, compared to the average price of 1063 CNY/ton on January 12th. The price of ammonium sulfate in China increased by 3.14%.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China continued to rise. The operating rate of coke-grade ammonium sulfate remained stable this week, while the operating rate of caprolactam-grade ammonium sulfate was low, leading to a tight market supply. Currently, ammonium sulfate manufacturers are experiencing no pressure in shipping goods and are mainly maintaining prices. Downstream buyers are purchasing according to their needs, with an increased mentality of buying when prices are rising rather than falling, which has boosted the enthusiasm for restocking. The trading atmosphere in the ammonium sulfate market is improving.

Market Conditions

As of January 16, for metallurgical-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 970 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1070-1110 CNY/ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market has recently shown a strong upward trend. Currently, the ammonium sulfate market is performing well, with terminal demand increasing. It is expected that in the short term, the price of ammonium sulfate in China will continue to remain strong.