SunSirs: The Ammonium Sulfate Market Weakened and Declined (October 23-29)

Price trend

According to the commodity market analysis system of SunSirs, the average price of caprolactam grade ammonium sulfate in China on October 29 was 1,036 RMB/ton, a decrease of 3.11% compared with the average price of 1,070 RMB/ton on October 23.

Analysis review

Supply and Demand Situation

Domestic ammonium sulfate prices weakened and declined this week. Ammonium sulfate plant operating rates remained relatively stable, resulting in a stable supply. Due to persistently high ammonium sulfate prices, market sentiment was mainly cautious. Downstream demand was limited, with restocking driven by immediate needs. Internationally, there was no positive news, leading to limited market activity.

Market Situation

As of October 29th, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong Province was around 960 RMB/ton. The mainstream ex-factory price of caprolactam grade ammonium sulfate in Shandong Province was around 1,010-1,040 RMB/ton.

Future Outlook

According to analysts at SunSirs, the ammonium sulfate market was trending downwards recently. Inquiries decreased, and downstream buyers were becoming more cautious after the previous continuous price increases, leading to weaker market activity. It is expected that the domestic ammonium sulfate market price will remain stable with a slight downward trend in the short term.

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