Trading was stable, as was the price of ammonium sulfate (April 14-20).

Price trend

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

Analysis review

This week’s market price for ammonium sulfate was constant. The manufacturer’s shipping remained steady, although inquiries increased. The international ammonium sulfate market was poor, and order prices were low. This week, the bidding price of coking ammonium sulfate stopped declining, and the price of caprolactam ammonium sulfate remained unchanged.

The mainstream factory quotation for coking grade ammonium sulfate in Shandong as of April 20th was around 780-800 RMB/ton. The dominant factory quotation in Shandong for caprolactam ammonium sulfate was around 830-860 RMB/ton.

This week, the operating rate of downstream composite fertilizer firms was not high, and the composite fertilizer market was operating at a lower level. The raw urea market was poor and erratic, as was the raw ammonium phosphate market, and cost assistance for composite fertilizers was insufficient. In a slow market, raw material procurement declined, and market operation was weak and stable.

Market outlook

According to SunSirs ammonium sulfate analysts, the domestic ammonium sulfate market has lately steadied, market trading has been consistent, and there has been no improvement in the international market. Downstream procurement remained predominantly on-demand, and the industry remained primarily wait-and-see. In the immediate term, the ammonium sulfate market is projected to operate primarily within a restricted range of swings.