Ammonium Sulfate Market Shows Strong Increase (2.9-2.13)

February 13th, News

I. Price Trends

According to the commodity market analysis system, on February 13, the average price of caprolactam-grade ammonium sulfate in China was 1,190 CNY per ton, an increase of 2.00% from the average price of 1,166 CNY per ton on February 9.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China has shown a strong upward trend. The operating rate of ammonium sulfate production slightly adjusted this week, with little fluctuation in supply. The demand for ammonium sulfate remains stable, and downstream buyers are restocking as needed. Before the holiday, new orders in the market decreased, with most transactions focusing on fulfilling previous orders. This week, the international urea prices have risen, which indirectly benefits the ammonium sulfate market.

Market Conditions

As of February 13, for coking-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 1085 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 1150-1200 CNY/ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the recent trend in the ammonium sulfate market is mainly upward. The ammonium sulfate market is firm, with suppliers holding prices steady. With pre-holiday purchasing demand weakening, it is expected that the short-term prices of ammonium sulfate in China will remain stable.