Sulfate Ammonium Prices Continue to Rise in China Over the Past Ten Days (3.7-3.17)

March 17th, news:

I. Price Trends

According to the commodity market analysis system, on March 17th, the average price of caprolactam-grade ammonium sulfate in China was 1,531 CNY per ton, compared to the average price of 1,370 CNY per ton on March 7th. The price of ammonium sulfate in China increased by 11.80%.

II. Market Analysis

Supply and Demand Situation

In the past ten days, the market price of ammonium sulfate in China has continued to rise, with a slight adjustment in the operating rate of ammonium sulfate. Due to the ongoing conflict in the Middle East, international urea prices remain high, leading to an increase in raw material costs, which is beneficial for the ammonium sulfate market. Coupled with tight market supply, the price of ammonium sulfate has been continuously pushed up. With a large number of previous orders for ammonium sulfate, downstream buyers have been actively replenishing their stocks, and both tender and transaction prices have been on the rise.

Market Conditions

As of March 17, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1,410 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1,500-1,540 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has been on the rise recently. Driven by cost and supported by supply and demand, market optimism has increased, and the ammonium sulfate market remains firm. It is expected that in the short term, the price of ammonium sulfate in China will continue to operate strongly.