SunSirs: Supply Reduced, and Ammonium Sulfate Market Price Increased (April 7-14)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of ammonium sulfate in the domestic market on April 14th was 1,035 RMB/ton, an increase of 6.34% compared to the average price of 973 RMB/ton on April 7th.

Analysis review

The price of ammonium sulfate in the domestic market has risen significantly this week. The operating rate of coking enterprises remained stable, while the operating rate of their own facilities has decreased. 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. Recently, the price of urea has risen, which was favorable for the domestic and international ammonium sulfate market. As of April 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region was around 1,010 RMB/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region was around 1,040-1,080 RMB/ton.

Market outlook

An ammonium sulfate analyst from SunSirs believes that the ammonium sulfate market has been trending upwards recently. As of April 14th, the spot supply of ammonium sulfate market was tight, downstream demand was following up, and manufacturers were mainly pushing prices. It is expected that in the short term, the domestic ammonium sulfate market will mainly continue to experience upward movements.

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