Price trend

According to the commodity market analysis system of SunSirs, the average domestic ammonium sulfate market price was 1,096 RMB/ton on August 22, down 0.60% from the average domestic ammonium sulfate market price of 1,103 RMB/ton on August 18.

Analysis review

Supply and Demand

Last week, domestic ammonium sulfate prices saw a slight decline. Coking plant operating rates remained stable, while those of domestically produced coal plants declined. As of August 22, ammonium sulfate supply was sufficient, but demand was weak. Downstream suppliers were urgently replenishing their inventory, often purchasing at low prices, and purchasing enthusiasm had weakened. Trading activity in the ammonium sulfate market was subdued, with no positive factors currently in place.

Market Situation

As of August 22nd, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong Province was around 1,000 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong Province was around 1,030-1,090 RMB/ton.

Market outlook

An ammonium sulfate analyst of SunSirs believes that the ammonium sulfate market has been trending downward recently. As of August 22, the ammonium sulfate market was experiencing subdued trading sentiment, with downstream buyers reluctant to purchase and no positive export outlook. In the short term, domestic ammonium sulfate market prices are expected to consolidate and weaken.

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