Price trend:

According to the commodity market analysis system of SunSirs, the average price of ammonium sulfate in the domestic market was 1,096 RMB/ton on November 26, and 1,036 RMB/ton on November 1. The market price of caprolactam ammonium sulfate increased by 5.79% this month.

Market Analysis

The ammonium sulfate market saw a slight upward trend in November. This month, the operating rate of caprolactam plants decreased, reducing the supply of caprolactam-grade ammonium sulfate. Manufacturers maintained their prices, pushing up ammonium sulfate prices. Downstream buyers primarily purchased on an as-needed basis, and a cautious attitude increased as ammonium sulfate prices continued to rise. As of November 26th, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong was around 950 RMB/ton. The mainstream ex-factory price of caprolactam-grade ammonium sulfate in Shandong was around 1,060-1,100 RMB/ton.

The data from SunSirs shows that domestic ammonium sulfate prices fluctuated during the cycle. November saw a significant increase in domestic ammonium sulfate prices, with the largest increase occurring in the week of November 10th, at 0.96%.

Market Forecast:

According to analysts at SunSirs, domestic ammonium sulfate prices were trending upwards recently. As of November 26, ammonium sulfate supply was decreasing, prices remained high, and downstream buyers were adopting a wait-and-see approach. Supported by supply, the domestic ammonium sulfate market is expected to consolidate at high levels in the short term.

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