Price trend
According to SunSirs' commodity price analysis system, the average price of caprolactam-grade ammonium sulfate in the domestic market on January 12th was 1,063 RMB/ton, an increase of 1.59% compared to the average price of 1,046 RMB/ton on January 5th.
Market analysis
Supply and Demand Situation
Last week, domestic ammonium sulfate market prices rose. The operating rate of coking-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate decreased, leading to a reduction in market supply. The rise in urea prices last week also indirectly benefited the ammonium sulfate market. Market demand for ammonium sulfate remained stable, and trading activity improved. However, downstream buyers remained cautious, primarily focusing on purchasing at lower prices.
Market Situation
As of January 12th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong province was around 910 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong province was around 1,020-1,070 RMB/ton.
Market Outlook
According to analysts at SunSirs, the ammonium sulfate market has recently shown a strong upward trend. As of January 12th, the ammonium sulfate market was performing well, with manufacturers and distributors mainly holding firm on prices. However, end-user demand was only moderate, limiting the potential for further price increases. It is expected that the domestic ammonium sulfate market price will mainly consolidate and tend to be stronger in the short term.
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