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Ammonium Sulfate Prices Stabilized After a Continued Decline (June 1-5)
Market Analysis
Supply and Demand Situation
Last week, the domestic ammonium sulfate market remained weak, characterized primarily by a downward direction; prices fell early in the week before stabilizing. Weakness in the international urea market exerted indirect downward pressure on the ammonium sulfate market. Operating rates to caprolactam-grade production units declined, resulting in reduced market supply. Currently, demand to ammonium sulfate is softening, with limited end-user consumption and sluggish export activity. Following a period of consecutive price increases, downstream buyers have have become increasingly cautious.
Market Conditions
As of June 5, the prevailing ex-factory price to coking-grade ammonium sulfate in the Shandong region was around 1,040 RMB/ton. to caprolactam-grade ammonium sulfate, the prevailing ex-factory price in the Shandong region was approximately 1,430–1,510 RMB/ton.
Market Outlook
Analysts at SunSirs observe that the ammonium sulfate market has recently been trending downward. Driven by reduced trading volume and bearish pressure from the international urea market, ammonium sulfate prices are currently undergoing a correction following their previous highs. The market is expected to experience weak, fluctuating performance in the short term.
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