International Market Trend of Ammonium Sulfate in the First Week of June 2018

Ammonium Sulfate: International Market Trend of Ammonium Sulfate in the First Week of June 2018

Source: Zhongyu Information Date: 2018-6-8 17:25:14

5.31-6.7 International Market Dynamics (from foreign sources)

China: The supply of caprolactam ammonium sulfate is tight, and the seller said that the price in June/July was fob114-115 USD/ton. Some July deals have been sold at fob114 USD/ton, while other sellers have chosen to watch the market. Haili’s Jiangsu plant is still being repaired, waiting for replacement parts. The supply was sold out in June and the products in July were limited. In general, due to the current market economy/dynamics, it is estimated that the operating rate of caprolactam in China is about 60%, thereby reducing the overall production of ammonium sulfate.

Philippines: Golden Barley sold 12,000 tons of caprolactam-grade ammonium sulfate to Swire for $130/ton cfr Davao and will ship it quickly from a Chinese ship. From June 4th to 14th, a single shipment was subsequently carried out in Ningbo. The two recent biddings of Atlas have not yet been determined: 8,000 tons will arrive in Sanchi in early July and another 6,000 tons will arrive at Wo. According to reports, the company rejected the $135/ton cfr offer, but could not be directly confirmed.

Indonesia: Golden Barley sold 10,000 tons of caprolactam-grade ammonium sulphate for $132/ton cfr Dumai and sold it to another buyer at $132/ton cfr Belawan with a supply of 14,000 tons. A number of traders are asking for the supply of Petrokimia Gresik to meet the contract supply in July/3rd quarter.

Malaysia/Vietnam: The cargo inquiries from Longkou to Lahadtu, Malaysia, are said to be MMA grade ammonium sulfate. The price of small quantities of MMA grade ammonium sulfate to Vietnam is less than $110/ton FOB China.

Colombia: Monomeros reduced the amount of caprolactam-grade ammonium sulphate to 3,500 tons in its bid for Barranquilla.

Baltic: Grodno Azot sold 15,000 tons of ammonium sulphate on June 4th and shipped it to Klaipeda in June. The price is equivalent to 115-120 US dollars / ton FOB.

Black Sea: In June, 6000 tons of standard ammonium sulfate were sold at a price of $115/ton fob. Manufacturers in the region shipped 1-1.5 million tons in July and mid-high prices at $120/ton FOB, but this level did not attract any buying interest. The price of SBUs for traders entering Turkey is less than US$140/ton CFR, and the freight price is US$20/ton.

Brazil: Brazil’s granular ammonium sulfate is rare in June, but European offers are still at $195/ton cfr. Caprolactam-grade ammonium sulfate has not been proven and is priced at $135-150/ton cfr.

Northwestern Europe: The producers have sold out two grades of ammonium sulphate in June, but some still have supplies in July. European buyers asked about it earlier this quarter and hope to secure the tonnage by September.

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