Price trend

According to the commodity market analysis system of SunSirs, the average domestic ammonium sulfate market price was 963 RMB/ton on September 11, down 6.17% from the average domestic ammonium sulfate market price of 1,026 RMB/ton on September 5.

Analysis review

Supply and Demand

This week, domestic ammonium sulfate market prices declined, while plant operating rates remained stable. As of September 11, ammonium sulfate supply was sufficient, while demand remained weak, resulting in limited new orders. Downstream suppliers were pushing down prices, leading to a continued decline in market prices. Export conditions had not improved, and the market remained bearish.

Market Situation

As of September 11th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong Province was around 930 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong Province was around 920-970 RMB/ton.

Future outlook:

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been trending downward recently. As of September 11th, there was oversupply in the ammonium sulfate market, and on-site bidding prices had weakened, making the short-term downturn unlikely to improve. It is expected that domestic ammonium sulfate prices will remain weak in the short term, with a continued downward trend.

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