Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market was 930 RMB/ton on March 28th, and 980 RMB/ton on March 1st. The market price of ammonium sulfate has dropped by 5.10% this month.

Analysis review

The market price of ammonium sulfate has continued to decline this month, with a slight increase at the end of the month. The operating rate of CPL enterprises has remained stable this month, while the operating rate of their own facilities has decreased. The demand for ammonium sulfate in the domestic market was weak, and the number of new orders in the market has decreased. Downstream  replenishment for urgent need, with insufficient purchasing intention. The international demand for ammonium sulfate has decreased, and negative factors have increased. At the end of the month, the price of urea rose rapidly, which was favorable for the ammonium sulfate market, and the price of ammonium sulfate rebounded slightly. As of March 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 860 RMB/ton. CPL grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 940-980 RMB/ton.

According to the K-bar chart from March 2024 to February 2025, it can be seen that the domestic ammonium sulfate cycle was characterized by ups and downs. In recent months, the price of ammonium sulfate in China has risen significantly, with the largest increase being 11.36% in February.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the recent rise in urea prices has indirectly boosted the ammonium sulfate market, resulting in a slight increase in ammonium sulfate prices. As of March 28th, spring plowing was coming to an end and market demand is weakening. Downstream procurement was mainly based on demand. It is expected that the domestic ammonium sulfate market will experience a narrow consolidation and operation in the short term.

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