SunSirs: Ammonium Sulfate Prices Continued to Rise Over the Past Ten Days (March 7–17)

Price trend

According to the SunSirs’Commodity Market Analysis System, the average domestic market price for caprolactam-grade ammonium sulfate stood at 1,531 RMB/ton on March 17. This represents an increase of 11.80% compared to the average price of 1,370 RMB/ton recorded on March 7.

Market analysis

Supply and Demand Overview

Over the past ten days, domestic ammonium sulfate market prices continued their upward trajectory, while production operating rates underwent slight adjustments. With the ongoing conflict in the Middle East keeping international urea prices at elevated levels, rising raw material costs bolstered market sentiment for ammonium sulfate. This factor, coupled with tight market supply, had continued to drive ammonium sulfate prices higher. The market held a substantial volume of outstanding orders; downstream consumers were actively replenishing their inventories, and both tender and transaction prices had been on a steady upward trend.

Market Overview

As of March 17, the prevailing ex-factory quotation for coking-grade ammonium sulfate in the Shandong region stood at approximately 1,410 RMB per ton. For caprolactam-grade ammonium sulfate, the prevailing ex-factory quotation in the Shandong region ranged from approximately 1,500 to 1,540 RMB per ton.

Market Outlook

According to analysts at SunSirs, the ammonium sulfate market recently demonstrated an upward trend. Driven by rising production costs and supported by supply-demand dynamics, market sentiment had turned increasingly optimistic, resulting in a predominantly firm market for ammonium sulfate. It is anticipated that domestic ammonium sulfate prices will continue to trend upward in the short term.

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