SunSirs: Trading Was Stable and the Price of Ammonium Sulfate Was Stable (April 14-20)

https://www.chemnet.com   Apr 21,2023

According to the Commodity Market Analysis System of SunSirs, the average factory price of domestic ammonium sulfate on April 14th was 843 RMB/ton, and on April 20th, the average factory price of domestic ammonium sulfate was 843 RMB/ton. The price of ammonium sulfate remained stable this week.

Market outlook

The market price of ammonium sulfate was stable this week. The manufacturer's shipment was stable, with an increase in inquiries. The international market for ammonium sulfate was weak, and order prices were relative low. The bidding price of coking ammonium sulfate stopped falling this week, and the price of caprolactam ammonium sulfate was temporarily stable. As of April 20th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 780-800 RMB/ton. Caprolactam ammonium sulfate, the mainstream factory quotation in Shandong was about 830-860 RMB/ton.

The operating rate of downstream composite fertilizer enterprises was not high this week, and the composite fertilizer market was operating to be weaker. The raw material urea market was weak and volatile, the raw material ammonium phosphate market was weak, and the cost support for composite fertilizers was insufficient. In a sluggish market, the procurement of raw materials decreased, and the market operation was weak and stable.

Market outlook

According to ammonium sulfate analysts from SunSirs, the domestic ammonium sulfate market has stabilized recently, market trading was stable and there was no improvement in the international market. Downstream procurement was still mainly on-demand, and the industry was still primarily wait-and-see. It is expected that the ammonium sulfate market will mainly operate in a narrow range of fluctuations in the short term.

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