June 18th, news:
I. Price Trends
According to the commodity market analysis system, on June 18th, the average price of caprolactam-grade ammonium sulfate in China was 1463 CNY/ton, a decrease of 2.66% from the average price of 1503 CNY/ton on June 12th.
2. Market Analysis
Supply and Demand Situation
This week, the Chinese ammonium sulfate market showed a divergent trend. The price of coke-grade ammonium sulfate slightly increased, while the caprolactam-grade ammonium sulfate continued to decline. The facility utilization rate for caprolactam-grade decreased, leading to a reduction in market supply. This week, the international urea market weakened, negatively impacting the ammonium sulfate market. Currently, the demand for ammonium sulfate in the international market is weak, with downstream buyers mainly purchasing based on their needs, and the export market potential remains to be realized.
Market Conditions
As of June 18, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1100 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region is around 1410-1470 CNY per ton.
3. Future Market Forecast
Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate in China is mainly downward. Currently, the market is dominated by negative factors, with a weak trading atmosphere and poor international urea market conditions. It is expected that the ammonium sulfate market in China will mainly exhibit a weak and volatile trend in the short term.
