I. Price Trend
According to the Commodity Market Analysis System of Business Society, the domestic market average price of caprolactam-grade ammonium sulfate on January 16 was 1,096 yuan/ton, representing an increase of 3.14% compared to the domestic market average price of 1,063 yuan/ton on January 12.

II. Market Analysis
Supply and Demand Situation
This week, domestic ammonium sulfate prices continued to rise. The operating rate of coking-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate was relatively low, leading to tight market supply. Currently, ammonium sulfate manufacturers face no pressure in terms of shipments and are primarily maintaining firm prices. Downstream buyers are purchasing based on demand, with an increasing tendency to buy in anticipation of rising prices rather than falling ones. This has boosted replenishment enthusiasm, resulting in a positive trading atmosphere in the ammonium sulfate market.

Market Conditions
As of January 16, the mainstream ex-factory quotation for coking-grade ammonium sulfate in the Shandong region was around 970 yuan/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in the Shandong region ranged from approximately 1,070 to 1,110 yuan/ton.

III. Future Outlook
Business Society’s ammonium sulfate analyst believes that the market for ammonium sulfate has recently been trending strongly upward. Currently, the market conditions for ammonium sulfate are favorable, with improved terminal demand. It is expected that domestic ammonium sulfate prices will continue to operate with a strong bias in the short term.