Price trend

According to the commodity market analysis system of SunSirs, the domestic average market price of caprolactam-grade ammonium sulfate was 1,463 RMB/ton on June 18; compared to the average price of 1,503 RMB/ton on June 12, the domestic market price fell by 2.66%.

Market Analysis

Supply and Demand Situation

Last week, the domestic ammonium sulfate market saw divergent trends: prices for coking-grade ammonium sulfate rose slightly, while caprolactam-grade ammonium sulfate continued its downward trajectory. Operating rates for caprolactam-grade production facilities declined, resulting in reduced market supply. Meanwhile, the international urea market weakened, exerting indirect downward pressure on the ammonium sulfate market. As of June 18, both domestic and international demand for ammonium sulfate remained sluggish; downstream buyers were purchasing primarily on an as-needed basis, and export activity had yet to pick up.

Market Conditions

As of June 18, the prevailing ex-factory price for coking-grade ammonium sulfate in the Shandong region was around 1,100 RMB/ton. For caprolactam-grade ammonium sulfate, the prevailing ex-factory price in the Shandong region was approximately 1,410–1,470 RMB/ton.

Market Outlook

Analysts at SunSirs observe that the ammonium sulfate market has recently been trending downward. Bearish factors currently dominate the market, characterized by sluggish trading activity and weak international urea prices. Consequently, the ammonium sulfate market is expected to experience weak, fluctuating performance in the short term.

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