October 15th, news
I. Price Trends
According to the commodity market analysis system, on October 15, the average price of caprolactam-grade ammonium sulfate in China was 1,250 CNY/ton, compared to the average price of 1,300 CNY/ton on October 8. This week, the price of ammonium sulfate in China fell by 3.85%.
2. Market Analysis
Supply and Demand Situation
This week, the market price of ammonium sulfate in China has been weak. The continuous decline in international urea prices this week has negatively affected the ammonium sulfate market. Currently, the demand for ammonium sulfate is moderate, with downstream buyers being cautious in their purchases. The market transaction atmosphere is poor, and new orders are limited.
Market Conditions
As of October 15, for metallurgical-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,050 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1,220-1,280 CNY per ton.
3. Future Market Prediction
Ammonium sulfate analysts believe that the price trend of ammonium sulfate has continued to decline recently. Currently, the demand for ammonium sulfate in the Chinese market is limited, and the trading atmosphere has cooled down. It is expected that in the short term, the market price of ammonium sulfate in China will continue to be weak, and it is recommended to pay attention to changes in policy.
