Chinese Ammonium Sulfate Market Prices Show Mixed Trends (4.13-4.23)

April 23 news

I. Price Trends

According to the commodity market analysis system, on April 23, the average market price of caprolactam-grade ammonium sulfate in China was 1850 CNY/ton, compared to the average market price of 1820 CNY/ton on April 13. Over the past ten days, the market price of caprolactam-grade ammonium sulfate in China has increased by 1.65%.

II. Market Analysis

Supply and Demand Situation

Recently, the ammonium sulfate market in China has shown mixed trends, with a slight adjustment in the operating rates of enterprises. The price of caprolactam-grade ammonium sulfate in China continues to rise, with stable market demand. Holders are mainly maintaining prices, and sales are smooth. Due to weakened downstream demand for the metallurgical grade, there is an increased cautiousness in procurement, leading to a decline in prices. International urea prices remain high, which is beneficial for the ammonium sulfate market.

Market Conditions

As of April 23, for coking grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,495 CNY per ton. For caprolactam grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,830-1,870 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the ammonium sulfate market trend has recently shown a mixed pattern of increases and decreases. It is expected that in the short term, metallurgical-grade ammonium sulfate will continue to decline, while caprolactam-grade ammonium sulfate will remain firm and rise. The ammonium sulfate market prices will mainly adjust within a narrow range.

4. Technical Analysis

From the spot commodity market analysis system, it can be seen that the 10-day moving average of caprolactam-grade ammonium sulfate in China is currently running consistently above the 20-day moving average, indicating a trend consistent with a rising market.

Auxiliary indicators show that the current ammonium sulfate price is at a high level among the five tiers. It is predicted that although there is an upward trend in the ammonium sulfate price, the price increase will be limited. It is recommended to proceed with caution.