Ammonium Sulfate Prices Stabilized After a Continued Decline (June 1-5)

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According to the commodity market analysis system of SunSirs, the domestic market price for caprolactam-grade ammonium sulfate averaged 1,503 RMB/ton on June 5; compared to the average price of 1,583 RMB/ton on June 1, the market price fell by 5.05%.

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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