International market trend of ammonium sulphate in the second week of February 2018

Ammonium sulphate: International market trend of ammonium sulphate in the second week of February 2018

Source: Zhongyu Information Date: 2018-2-22 15:23:03

2.8-2.15 International Market Trends (from foreign sources)

China: After a few weeks of strong prices in China’s ammonium sulphate, market traders’ talks were diluted due to the Spring Festival. The standard grade spot price is $115-120/tonne. It is understood that due to the maintenance of some manufacturers will continue until the end of February, supply is limited, but due to slowing demand, domestic prices are facing pressure.

Turkey: It is reported that Toros purchased 3-4 million tons of ammonium sulphate from China Longkou and will ship to Ceyhan at the end of February. The price of caprolactam-grade ammonium sulfate is lower than cfr $140/ton. The price of ammonium sulphate supplied by the United States to Turkey is cfr$130/ton unpaid duty. Turkey imported 966,000 tons of ammonium sulphate in 2017, a year-on-year increase of 42% due to the country’s restrictions on ammonium nitrate/ammonium nitrate and the recovery of demand in China. Turkey imported 411,000 tons of ammonium sulphate from China in 2017, almost the same as in 2015. In 2016, buyers were discouraged due to quality problems, and the import volume was 130,000 tons. In 2017, traders shipped 205,000 tons of ammonium sulphate from South Korea to Turkey, 50,000 tons more than the previous year.

Brazil: The price of granular ammonium sulphate delivered in February/March is stable at $165-190/ton cfr, while the price for standard ammonium sulphate is $140-145/ton cfr. Following a large import in the fourth quarter of 2017, Brazil imported 137,000 tons of ammonium sulphate in January this year, a decrease of 48% compared with the same period last year. A total of 107,000 tons were imported from China.

Northwestern Europe: The price of caprolactam-grade ammonium sulfate supplied by producers in northwestern Europe is FOB 135-140 USD/ton. The price of small single-particle ammonium sulfate is above US$170/ton.

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