Price trend

According to the commodity market analysis system of SunSirs, the average domestic ammonium sulfate market price on October 16 was 1,063 RMB/ton, up 10.76% from the average domestic ammonium sulfate market price of 960 RMB/ton on October 9.

Analysis review

Supply and Demand

Domestic ammonium sulfate prices continued to rise this week. Hexane-grade operating rates declined, reducing market supply, while coking-grade operating rates remained stable. Post-holiday demand for downstream replenishment increased, creating a positive market environment. Market supply decreased this week, with manufacturers primarily maintaining prices. The ammonium sulfate market remained optimistic, with downstream demand for replenishment remaining strong, pushing prices higher.

Market conditions

As of October 16, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong Province was around 1,000 RMB/ton. The mainstream ex-factory price of caprolactam grade ammonium sulfate in Shandong Province was around 1,020-1,080 RMB/ton.

Market outlook

An ammonium sulfate analyst of SunSirs believes that the ammonium sulfate market has been trending relatively strong recently. Demand was increasing, but caution was growing following the continuous price increases. It is expected that domestic ammonium sulfate prices will consolidate to be stronger in the short term.

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