Price trend:

According to the commodity market analysis system of SunSirs, the average price of caprolactam grade ammonium sulfate in China on November 21 was 1,063 RMB/ton, which was 0.31% higher than the average price of 1,060 RMB/ton on November 17.

Market Analysis

Supply and demand situation

Last week, domestic ammonium sulfate prices rose slightly. Last week, the operating rate of coking-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate decreased, reducing market supply. Caprolactam manufacturers mainly maintained their prices. Downstream purchasing enthusiasm was low, with most adopting a wait-and-see attitude. The transaction volume in the ammonium sulfate market was limited, and end-user demand needed to be improved.

Market situation

As of November 21, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong Province was around 940 RMB/ton. The mainstream ex-factory price of caprolactam-grade ammonium sulfate in Shandong Province was around 1,040-1,070 RMB/ton.

Market Forecast:

According to analysts at SunSirs, the ammonium sulfate market saw a slight increase in prices recently. As of November 21, demand for ammonium sulfate was stable, with downstream restocking driven by immediate needs. It is expected that the domestic ammonium sulfate market will mainly experience narrow price adjustments in the short term.

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