Ammonium Sulfate Market Prices Steadily Rise (2.1-2.5)

February 5 news

I. Price Trends

According to the commodity market analysis system, on February 5th, the average price of caprolactam-grade ammonium sulfate in China was 1160 CNY/ton, compared to the average price of 1153 CNY/ton on February 1st. The price of ammonium sulfate in China increased by 0.58%.

II. Market Analysis

Supply and Demand Situation

This week, the market price of ammonium sulfate in China has been stable with an upward trend. The operating rate of coke-grade ammonium sulfate remained stable this week, while the operating rate of caprolactam-grade ammonium sulfate saw a slight adjustment, with no significant fluctuation in supply. The demand for ammonium sulfate is stable, with downstream buyers purchasing according to their needs. There is a demand for restocking before the holiday, and ammonium sulfate manufacturers are not under pressure to sell their products.

Market Conditions

As of February 5, for coking-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,085 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,130-1,170 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the recent trend in the ammonium sulfate market is mainly upward. Currently, the ammonium sulfate market is firm, with a generally optimistic sentiment, and the supply and demand are relatively balanced. It is expected that in the short term, the price of ammonium sulfate in China will be strong and stable.