In April, the Chinese ammonium sulfate market showed mixed trends

April 28 News

I. Price Trends

According to the commodity market analysis system, the average market price of caprolactam-grade ammonium sulfate in China on April 28 was 1,876 CNY/ton, and on April 1, the average market price in China was 1,773 CNY/ton. The market price of caprolactam-grade ammonium sulfate increased by 5.83% this month.

II. Market Analysis

This month, the Chinese ammonium sulfate market showed a divergent trend. The price of caprolactam-grade ammonium sulfate continued to rise, while the price of coke-grade ammonium sulfate fell from its high levels, with a slight adjustment in the operating rates of enterprises. Due to the impact of geopolitical conflicts, the international supply of ammonium sulfate remains tight. Caprolactam-grade ammonium sulfate manufacturers face no pressure in shipping and are mainly maintaining their prices. The demand for coke-grade ammonium sulfate has weakened, and the enthusiasm for downstream procurement has slowed, leading to a decrease in prices. As of April 28, the main ex-factory quotations for coke-grade ammonium sulfate in Shandong region were around 1470-1500 CNY/ton. For caprolactam-grade ammonium sulfate, the main ex-factory quotations in Shandong region were around 1860-1880 CNY/ton.

As shown by the weekly K-line chart from February 2, 2026, to April 20, 2026, the price of ammonium sulfate in China continued to rise throughout the period. In April, the price of ammonium sulfate in China rose consecutively, with the largest price increase occurring during the week of April 6, at 1.68%.

III. Future Market Forecast

Ammonium sulfate analysts believe that recently, the prices of ammonium sulfate in China have been fluctuating. Currently, terminal demand varies, and it is expected that in the short term, the market for coke-grade ammonium sulfate in China will continue to weaken, while caprolactam-grade ammonium sulfate will mainly show a stronger upward trend.

4. Technical Analysis

From the spot 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 that aligns with a rising market.

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.