August 21 news
I. Price Trends
According to the commodity market analysis system, on August 21, the average price of caprolactam-grade ammonium sulfate in China was 1,086 CNY/ton, down 4.40% from the average price of 1,136 CNY/ton on August 14.
2. Market Analysis
Supply and Demand Situation
This week, the price trend of ammonium sulfate in the Chinese market continued to be weak and downward. Currently, the supply of ammonium sulfate remains stable, while market demand is relatively weak. Affected by the sluggish international market, ammonium sulfate buyers are largely pressing for lower prices. In the Chinese market, new transactions are limited, with most participants adopting a wait-and-see attitude, causing ammonium sulfate prices to continue weakening.
Market Conditions
As of August 21, for coking grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 830-880 CNY per ton. For caprolactam grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1050-1100 CNY per ton.
3. Future Market Forecast
Ammonium sulfate analysts believe that recently, the market trend for ammonium sulfate in China has been mainly downward. Currently, the purchasing sentiment in the ammonium sulfate market in China is poor, with downstream players predominantly adopting a cautious attitude, leading to weak market transactions. It is expected that in the short term, the prices of ammonium sulfate in China will mainly undergo a weak and consolidative operation.
