May China Ammonium Sulfate Market Declines from High Levels

May 29 News:

I. Price Trends

According to the commodity market analysis system, on May 29, the average market price of caprolactam-grade ammonium sulfate in China was 1,666 CNY per ton, and on May 1, the average market price of caprolactam-grade ammonium sulfate in China was 1,910 CNY per ton. The market price of caprolactam-grade ammonium sulfate in China has fallen by 12.74% this month.

II. Market Analysis

This month, the market price of ammonium sulfate in China has significantly decreased. The operating rate of coke-grade ammonium sulfate has slightly adjusted, while the operating rate of caprolactam-grade ammonium sulfate has declined. In the first half of this month, the market price of ammonium sulfate slightly increased. In the second half of this month, the price of ammonium sulfate began to decline. There is a large amount of inventory in the market, and the supply of ammonium sulfate exceeds demand. Additionally, due to the previous continuous price increases, the price was already at a high level, leading to cautious purchasing by downstream buyers, and a substantial decrease in the market price of ammonium sulfate. As of May 29th, the mainstream ex-factory quotation for coke-grade ammonium sulfate in Shandong region is around 1050 CNY/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region is around 1650-1680 CNY/ton.

As shown in the weekly K-line chart from March 2, 2026, to May 18, 2026, the price of ammonium sulfate in China exhibited alternating rises and falls during this period. In May, ammonium sulfate prices in China declined significantly, with the largest price decrease occurring in the week ending May 18, reaching a drop of 6.02%.

3. Future Market Forecast

Ammonium sulfate analysts believe that recently, the price trend of ammonium sulfate in China has been mainly downward. Currently, terminal demand is weak, and the market transaction atmosphere has cooled down. It is expected that in the short term, the market price of ammonium sulfate in China will continue to weaken and decline.

4. Technical Analysis

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

Auxiliary indicators show that the current ammonium sulfate price in China is at a medium-high level in the 5th tier. It is predicted that there is still room for the ammonium sulfate price to fall, and it is recommended to operate with caution.