Price trend

According to SunSirs' commodity price analysis system, the average price of caprolactam-grade ammonium sulfate in the domestic market was 1,160 RMB/ton on February 5th, an increase of 0.58% compared to the average price of 1,153 RMB/ton on February 1st.

Market Analysis

Supply and Demand Situation

This week, domestic ammonium sulfate market prices remained stable with a slight upward trend. The operating rate of coke-grade ammonium sulfate remained stable this week, while the operating rate of caprolactam-grade ammonium sulfate saw a slight adjustment, resulting in minimal fluctuations in supply. Demand in the ammonium sulfate market remained stable, with downstream buyers purchasing as needed and some restocking demand before the holidays. Ammonium sulfate manufacturers faced no pressure in terms of sales.

Market conditions

As of February 5th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong province was around 1,085 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong province was around 1,130-1,170 RMB/ton.

Market outlook

According to analysts at SunSirs, the ammonium sulfate market has recently shown an upward trend. As of February 5th, the ammonium sulfate market was strong, with a generally optimistic market sentiment and a relatively balanced supply and demand. It is expected that domestic ammonium sulfate prices will consolidate to be stronger in the short term.

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