Price trend

According to the commodity market analysis system of SunSirs, the average domestic ammonium sulfate market price was 1,113 RMB/ton on August 15, down 1.18% from the average domestic ammonium sulfate market price of 1,126 RMB/ton on August 11.

Analysis review

Supply and Demand Situation

Last week, domestic ammonium sulfate prices declined. Coking plant operating rates remained stable, while those of domestic companies increased. As of August 15th, ammonium sulfate supply was sufficient, but downstream inquiries decreased, purchasing enthusiasm had weakened, and market activity was subdued. Export market conditions were weak, and companies were facing pressure to ship goods, resulting in a sluggish ammonium sulfate market.

Market Situation

As of August 15th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong Province was around 1,030 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong Province was around 1,040-1,090 RMB/ton.

Market outlook

An ammonium sulfate analyst at SunSirs believes that the ammonium sulfate market has been trending downward recently. As of August 15th, there was an oversupply of ammonium sulfate, trading was sluggish, and there was no immediate improvement in exports. In the short term, domestic ammonium sulfate prices are expected to consolidate and weaken.

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