Ammonium Sulfate Prices Continue to Firmly Rise (4.1-4.8)

April 8th News

I. Price Trends

According to the commodity market analysis system, on April 8th, the average market price of caprolactam-grade ammonium sulfate in China was 1,813 CNY per ton, compared to the average market price of 1,773 CNY per ton on April 1st, indicating a 2.26% increase in the market price of ammonium sulfate in China.

II. Market Analysis

Supply and Demand Situation

This week, the price of ammonium sulfate in China continued to rise, with a slight adjustment in the operating rate of ammonium sulfate. The international urea price remains high, which is beneficial to the market situation of ammonium sulfate. Ammonium sulfate prices at lower levels have started to catch up, with factories maintaining firm quotes and currently facing no pressure to sell. As a result, the price of ammonium sulfate continues to be pushed higher. Downstream buyers are purchasing according to their needs, mainly maintaining a cautious attitude.

Market Conditions

As of April 8th, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1620 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1790-1820 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has been continuously rising recently. Currently, favorable factors are dominant, and the market remains optimistic, with firm ammonium sulfate prices. It is expected that in the short term, the price of ammonium sulfate in China will continue to rise strongly.

4. Technical Analysis

From the spot market analysis system, it can be seen that the current 10-day moving average of ammonium sulfate continues to run higher than the 20-day moving average, and the market forecast is in line with an upward trend.

Auxiliary indicators show that the current price of ammonium sulfate is at the upper end of the five-tier pricing range. Although the forecast suggests that ammonium sulfate prices will continue to rise in the near term, the magnitude of the price increase is expected to be limited. We recommend adopting a cautious approach.