July 3rd, according to reports
I. Price Trends
According to the commodity market analysis system, on July 3, the average market price of caprolactam-grade ammonium sulfate in China was 1,173 CNY/ton, a decrease of 6.63% from the average market price of 1,256 CNY/ton on June 29 in China.
2. Market Analysis
Supply and Demand Situation
This week, the market price of ammonium sulfate in China continued to show a weak trend with consecutive declines. The facility utilization rate for caprolactam grade has decreased, leading to a reduction in market supply. The urea market also continued to weaken this week, which negatively impacted the ammonium sulfate market. Currently, terminal demand for ammonium sulfate has decreased, and the market is mainly cautious, with an increasing mentality of buying on rising prices and not on falling ones. Downstream buyers are mostly seeking to purchase at the bottom.
Market Conditions
As of July 3rd, for coking-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 970-1050 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1130-1220 CNY per ton.
III. Future Market Forecast
Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate in China is mainly downward. Currently, the price of ammonium sulfate in China has dropped significantly, with poor market transaction atmosphere and demand yet to be released. It is expected that in the short term, the ammonium sulfate market in China will continue to operate with a weak downward trend.
