September 11th, according to reports
I. Price Trends
According to the commodity market analysis system, on September 11, the average market price of caprolactam-grade ammonium sulfate in China was 1,186 CNY per ton, compared to 1,160 CNY per ton on September 7. This week, the price of caprolactam-grade ammonium sulfate in China increased by 2.30%.
2. Market Analysis
Supply and Demand Situation
This week, the market price of caprolactam-grade ammonium sulfate in China has shown a strong increase, while the price of metallurgical-grade sulfuric acid has slightly decreased. As the transition period for the inspection of ammonium sulfate production approaches its end, the metallurgical market remains cautious, with reduced purchasing enthusiasm and a slight decline in prices. The international demand for ammonium sulfate is good, providing support to the demand side. The price of caprolactam-grade ammonium sulfate is stable and improving, with an uplift in market trading sentiment.
Market Conditions
As of September 11, for coke-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 970 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1160-1200 CNY per ton.
3. Future Market Forecast
Ammonium sulfate analysts believe that the ammonium sulfate market in China has recently shown a divergence. The market for coke-grade ammonium sulfate is relatively weak, while the price of caprolactam-grade ammonium sulfate continues to strengthen. It is expected that in the short term, the prices of ammonium sulfate in China will mainly consolidate, and it is recommended to pay attention to changes in policy.
