SunSirs: The Ammonium Sulfate Market Remained Stable (November 1-6)

Price trend

According to the commodity market analysis system of SunSirs, the average price of caprolactam grade ammonium sulfate in China on November 6 was 1,036 RMB/ton, which was the same as the average price of caprolactam sulfate in China on November 1. The price of ammonium sulfate in China was running smoothly.

Market Analysis

Supply and Demand Situation

Last week, the domestic ammonium sulfate market price remained relatively stable. Last week, ammonium sulfate plant operating rates remained stable, with no significant changes on the supply side. Downstream buyers purchased only as needed, resulting in a subdued market trading atmosphere. As of November 6, the ammonium sulfate market was in a supply-demand balance. There was temporarily no positive news regarding exports, and the market was adopting a cautious wait-and-see attitude.

Market Situation

As of November 6th, the mainstream ex-factory price of coking grade ammonium sulfate in Shandong Province was around 940 RMB/ton. The mainstream ex-factory price of caprolactam grade ammonium sulfate in Shandong Province was around 1,000-1,040 RMB/ton.

Market outlook

According to analysts at SunSirs, the ammonium sulfate market was stable recently. While inquiries were temporarily limited, demand remained supportive. The domestic ammonium sulfate market is expected to remain stable in the short term.

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