Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market was 1,073 RMB/ton on April 28th, and 926 RMB/ton on April 1st. The market price of ammonium sulfate had increased by 15.83% this month.

Analysis review

The market price of ammonium sulfate has continued to rise this month, with an increase of over 15%. In the first half of this month, the price of ammonium sulfate in the domestic market increased significantly. Part of the caprolactam enterprises have undergone equipment maintenance, resulting in a decrease in market supply. The purchasing enthusiasm of downstream particle factories has increased, leading to an increase in market demand. In the second half of this month, the upward trend of the domestic ammonium sulfate market has been temporarily suspended. The operating rate of coking enterprises remained stable, and the operating rate of their internal equipment was at a low level. After the continuous rise in ammonium sulfate prices, downstream restocking enthusiasm weakened, and there was resistance to high prices. The ammonium sulfate market began to consolidate and operate. As of April 28th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,010 RMB/ton. Caprolactam grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,060-1,090 RMB/ton.

According to the weekly K-bar chart from February 3, 2025 to April 21, 2025, it can be seen that the domestic ammonium sulfate cycle was fluctuating. The domestic price of ammonium sulfate increased significantly in April, with the largest increase being 4.45% in the week of April 7th.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the domestic price of ammonium sulfate has been steadily consolidating and operating in recent days. The caprolactam plant is expected to reduce production, and market supply may decrease. Downstream essential procurement is the main focus, with limited market transactions. It is expected that the domestic ammonium sulfate market will experience a narrow consolidation and operation in the short term.

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