SunSirs: The Ammonium Sulfate Market Was Stable and Consolidating (December 5-11)

Price trend:

According to the commodity market analysis system of SunSirs, the average price of caprolactam grade ammonium sulfate in China on December 11 was 1,183 RMB/ton, which was stable compared to the average price of caprolactam grade ammonium sulfate on December 5.

Market Analysis

Supply and demand situation

The domestic ammonium sulfate market price remained stable this week. The operating rate of coking-grade ammonium sulfate plants remained stable, while the operating rate of caprolactam-grade ammonium sulfate plants declined, reducing market supply. As of December 11, market demand was weak, downstream purchasing enthusiasm had waned, and most buyers were adopting a cautious wait-and-see approach, resulting in limited new ammonium sulfate orders. The export market for ammonium sulfate had also not improved, and end-user demand needed to be boosted.

Market situation

As of December 11, the mainstream ex-factory price of coking-grade ammonium sulfate in Shandong Province was around 970 RMB/ton. The mainstream ex-factory price of caprolactam-grade ammonium sulfate in Shandong Province was around 1,150-1,200 RMB/ton.

Market Outlook

According to analysts at SunSirs, the ammonium sulfate market has been consolidating recently. As of December 11, market activity was moderate, with caprolactam-grade ammonium sulfate supply providing support, downstream buyers purchasing only as needed, resulting in weak market demand. It is expected that the domestic ammonium sulfate market will continue its weak consolidation trend in the short term.

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