SunSirs: Ammonium Sulfate Market Consolidated at High Level (October 17-23)

Price trend:

According to the commodity market analysis system of SunSirs, the average market price of domestic caprolactam grade ammonium sulfate on October 23 was 1,070 RMB/ton, compared with the average market price of domestic caprolactam grade ammonium sulfate of 1,070 RMB/ton on October 17. The domestic ammonium sulfate market price was stable.

Analysis review

Supply and Demand Situation

Domestic ammonium sulfate market prices remained stable this week. Ammonium sulfate plant operating rates remained relatively stable this week. Last week, rising ammonium sulfate prices led to increased market caution, resulting in a stagnant price trend. As of October 23, ammonium sulfate market supply was stable, with downstream demand driven by restocking. There were temporarily no positive international developments, resulting in limited market transactions.

Market conditions

As of October 23, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong Province was around 960 RMB/ton. The mainstream ex-factory price ofcaprolactam grade ammonium sulfate in Shandong Province was around 1,030-1,080 RMB/ton.

Market Forecast:

An ammonium sulfate analyst at SunSirs believes that the ammonium sulfate market has been stable recently. As of October 23, the market was experiencing a supply-demand dynamic, with trading volume decreasing and many adopting a wait-and-see approach. It is expected that domestic ammonium sulfate prices will remain stagnant and consolidate in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.