SunSirs: The Ammonium Sulfate Market Showed a Downward Trend (December 15-19)

Price trend

According to SunSirs' commodity price analysis system, the average price of caprolactam-grade ammonium sulfate in the domestic market was 1,100 RMB/ton on December 19th, a decrease of 6.25% compared to the average price of 1,173 RMB/ton on December 15th.

Market Analysis

Supply and Demand Situation

Last week, the domestic ammonium sulfate market experienced a price decline. The operating rate of coke-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate decreased, leading to a reduction in market supply. As of December 19, demand for ammonium sulfate was weak, and downstream buyers were resistant to high prices, preferring to seek lower-priced options. New orders for ammonium sulfate were limited. The export market for ammonium sulfate was also weak, and the overall market was relatively sluggish.

Market Situation

As of December 19th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong province was around 920 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong province was around 1,050-1,100 RMB/ton.

Market Outlook:

According to analysts at SunSirs, the ammonium sulfate market has recently been trending downwards. As of December 19, transactions in the ammonium sulfate market were weak, with downstream buyers purchasing only as needed and exhibiting a "buy on the rise, not on the fall" mentality. It is expected that domestic ammonium sulfate prices will be weaker in the short term.

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