Price trend

According to the SunSirs Commodity Market Analysis System, the average domestic market price for caprolactam-grade ammonium sulfate stood at 1,850 RMB/ton on April 23. This represents a 1.65% increase over the past ten days, compared to the average price of 1,820 RMB/ton recorded on April 13.

Market Analysis

Supply and Demand

Recently, the domestic ammonium sulfate market witnessed mixed trends, with operating rates at production facilities undergoing slight adjustments. Prices for domestic caprolactam-grade ammonium sulfate continued their upward trajectory, supported by stable market demand. Holders of inventory primarily focused on firming up prices, and shipments proceeded smoothly. Conversely, prices for coking-grade ammonium sulfate began to decline as downstream demand weakened and buyers adopted a more cautious procurement stance. Meanwhile, international urea prices remained at elevated levels, providing a positive boost to the overall ammonium sulfate market outlook.

Market Overview

As of April 23, the prevailing ex-factory quotation for coking-grade ammonium sulfate in the Shandong region stood at approximately 1,495 RMB/ton. For caprolactam-grade ammonium sulfate, the prevailing ex-factory quotation in the Shandong region ranged from approximately 1,830 to 1,870 RMB/ton.

Market Outlook

According to analysts at SunSirs, recent market trends for ammonium sulfate have shown a divergence between rising and falling prices. In the short term, coking-grade ammonium sulfate is expected to continue its downward trend, while caprolactam-grade ammonium sulfate is projected to remain firm and trend upward; overall, the ammonium sulfate market is expected to undergo primarily narrow price adjustments.

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