Chinese Ammonium Sulfate Market Stops Rising and Falls (5.14-5.21)

May 21 news

I. Price Trends

According to the commodity market analysis system, on May 21, the average market price of caprolactam-grade ammonium sulfate in China was 1813 CNY/ton, a decrease of 6.85% from the average market price of 1946 CNY/ton on May 14.

2. Market Analysis

Supply and Demand Situation

Recently, the Chinese ammonium sulfate market has started to show a weak downward trend. The recent weakening of urea prices, with significant price reductions, has indirectly negatively impacted the ammonium sulfate market. Currently, the demand for ammonium sulfate in China has weakened, and the export situation is also poor. After continuous declines, the market sentiment has shifted towards buying on rising prices rather than on falling ones.

Market Conditions

As of May 21, for coking-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1300-1390 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1800-1840 CNY per ton.

III. Future Market Forecast

Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate in China is mainly downward. With weakening demand and poor exports, it is expected that the short-term ammonium sulfate market in China will continue to decline, with prices continuing to fall.

4. Technical Analysis

From the spot market analysis system, it can be seen that the 10-day moving average of caprolactam-grade ammonium sulfate is currently below the 20-day moving average, indicating a trend consistent with a downward prediction.

Auxiliary indicators show that the current price of ammonium sulfate is at the upper end of the five-tier pricing range. We forecast that there is still room for ammonium sulfate prices to decline in the future; therefore, we recommend adopting a cautious approach.