Price trend
According to SunSirs' commodity price analysis system, the average price of caprolactam-grade ammonium sulfate in the domestic market was 1,096 RMB/ton on January 16th, an increase of 3.14% compared to the average price of 1,063 RMB/ton on January 12th.
Market Analysis
Supply and Demand Situation
Last week, domestic ammonium sulfate market prices continued to rise. The operating rate of coking-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate was low, resulting in tight market supply. As of January 16, ammonium sulfate manufacturers were under no pressure to sell and were mainly focused on maintaining high prices. Downstream buyers were purchasing on an as-needed basis, and the sentiment of buying when prices were rising and refraining from buying when prices were falling was increasing, leading to improved restocking enthusiasm and a positive trading atmosphere in the ammonium sulfate market.
Market Situation
As of January 16th, the mainstream ex-factory price for coking-grade ammonium sulfate in Shandong province was around 970 RMB/ton. The mainstream ex-factory price for caprolactam-grade ammonium sulfate in Shandong province was around 1,070-1,110 RMB/ton.
Market Outlook
According to analysts at SunSirs, the ammonium sulfate market recently showed a strong upward trend. As of January 16, the ammonium sulfate market was performing well, with increased demand from end-users. It is expected that domestic ammonium sulfate prices will continue to show a upward trend in the short term.
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