Price trends

According to the commodity market analysis system of SunSirs, the domestic average market price of caprolactam-grade ammonium sulfate was 1,173 RMB/ton on July 3; compared to the average price of 1,256 RMB/ton on June 29, the market price fell by 6.63%.

Market Analysis

Supply and Demand Situation

Last week, domestic ammonium sulfate prices continued their downward trend, remaining weak. Operating rates at caprolactam-grade production facilities declined, leading to reduced market supply. Meanwhile, the urea market continued to weaken, exerting downward pressure on ammonium sulfate prices. With terminal demand for ammonium sulfate softening, market sentiment remained cautious; a "buy-on-the-rise, not on-the-fall" mentality prevailed, and downstream buyers largely sought to purchase at market bottoms.

Market Conditions

As of July 3, the prevailing ex-factory prices for coking-grade ammonium sulfate in the Shandong region were around 970-1,050 RMB/ton. For caprolactam-grade ammonium sulfate, the prevailing ex-factory prices in the Shandong region were around 1,130-1,220 RMB/ton.

Market outlook

Analysts at SunSirs observe that the ammonium sulfate market has recently been trending downward. Prices have fallen sharply, trading activity is sluggish, and demand has yet to materialize. The market is expected to remain weak and continue its downward trend in the short term.

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