Price trend

According to the commodity market analysis system of SunSirs, the average domestic ammonium sulfate market price was 1,133 RMB/ton on August 7, down 0.59% from the average domestic ammonium sulfate market price of 1,140 RMB/ton on August 1.

Analysis review

Supply and Demand

Last week, domestic ammonium sulfate prices initially fell before rising, while plant operating rates remained stable. Trading activity in the ammonium sulfate market was subdued at the start of the week, with printed prices remaining high. Downstream demand remained cautious, with limited market transactions and manufacturers primarily focusing on forward orders. Starting Wednesday, downstream demand increased, and international urea prices rose, positively impacting the ammonium sulfate market, leading to a slight increase in ammonium sulfate prices.

Market Situation

As of August 7, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong Province was around 1,070 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong Province was around 1,070-1,120 RMB/ton.

Market outlook

An ammonium sulfate analyst of SunSirs believes that the ammonium sulfate market has recently shown a strong upward trend. As of August 7, the ammonium sulfate market had ample supply, yet demand remained to be unleashed, leaving limited room for price increases. It is expected that domestic ammonium sulfate prices will primarily consolidate in the short term.

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