September 20th, news:
I. Price Trends
According to the commodity market analysis system, on September 20, the average market price of caprolactam-grade ammonium sulfate in China was 1,250 CNY per ton, compared to the average market price of 1,193 CNY per ton on September 14. This week, the price of ammonium sulfate in China increased by 4.75%.
2. Market Analysis
Supply and Demand Situation
This week, the domestic market price of caprolactam-grade ammonium sulfate in China continued to rise strongly, while the market price of coking-grade ammonium sulfate saw a slight adjustment. The transition period for the inspection of ammonium sulfate has ended this week. Currently, it is the peak demand season for granular products, and downstream procurement demand has increased. International demand for ammonium sulfate is favorable, with support from the demand side, and market transactions are good.
Market Conditions
As of September 20th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong region of China is around 1,000 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory price in Shandong region of China is around 1,200-1,280 CNY per ton.
3. Future Market Prediction
Ammonium sulfate analysts believe that the price trend of ammonium sulfate continues to rise recently. Currently, demand is supported, and market transactions are decent. It is expected that in the short term, the market price of ammonium sulfate will mainly stabilize with an upward trend. It is recommended to pay attention to changes in China's policy.
