Sulfate of Ammonia Market Prices Continue to Rise (3.1-3.5)

March 5th, News

I. Price Trends

According to the commodity market analysis system, on March 5th, the average market price of caprolactam-grade ammonium sulfate in China was 1328 CNY/ton, compared to the average market price of 1216 CNY/ton on March 1st. The price of ammonium sulfate in China increased by 9.18%.

2. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China's market has risen significantly, with a slight adjustment in the operating rate of ammonium sulfate. Due to the conflict in the Middle East, the international urea price has increased, leading to a tight supply of fertilizer raw materials in China. The price of ammonium sulfate continues to rise. Downstream buyers are actively replenishing their stocks, and there is a strong bullish sentiment in the ammonium sulfate market, with both tender and transaction prices continuously increasing.

Market Conditions

As of March 5, for coking grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1250 CNY/ton. For caprolactam grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1320-1360 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 holders mainly holding prices steady. Affected by international factors and high urea prices, it is expected that the short-term ammonium sulfate prices in China will continue to be strong.