July 20th, according to the news,
I. Price Trends
According to the commodity market analysis system, on July 20, the average market price of caprolactam-grade ammonium sulfate in China was 1,156 CNY per ton, an increase of 2.06% from the average market price of 1,133 CNY per ton on July 13.
II. Market Analysis
Supply and Demand Situation
This week, the market price trend of ammonium sulfate in China has stopped falling and started to rise. The facility utilization rate has been slightly adjusted, and the supply of ammonium sulfate in the market remains stable. This week, the international urea market has strengthened, and the demand for ammonium sulfate internationally is favorable, which benefits the market conditions for ammonium sulfate in China. Currently, the downstream rigid demand procurement for ammonium sulfate is ongoing, but most still maintain a cautious attitude.
Market Conditions
As of July 20th, for coking-grade ammonium sulfate, the mainstream ex-factory prices in Shandong region of China are around 1000-1030 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory prices in Shandong region of China are around 1100-1150 CNY per ton.
III. Future Market Forecast
Ammonium sulfate analysts believe that the recent trend in the ammonium sulfate market in China is mainly upward. Currently, the prices of ammonium sulfate in China are continuously rising, and the market transaction atmosphere has improved. It is expected that in the short term, the prices of ammonium sulfate in China will mainly remain strong.
