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Will The Price of Ammonium Sulphate Continue to Rise

Will The Price of Ammonium Sulphate Continue to Rise

Will The Price of Ammonium Sulphate Continue to Rise

  • 17-May-2022 4:58 PM
  • Journalist: Kim Chul Son

At the height of the demand season in the first quarter, the price trend for Ammonium Sulphate has been on the upper side. The higher gyration in the upstream energy prices h supports the fertilizers quotations to surge. Whereas rising inflation across Europe constrains output, resulting in a supply shortage and a hesitant attitude toward Russian cargo worsened the European market situation. Some countries, including Russia and China, have enacted export VAT and restrictions, further reducing supplies.

Soaring prices result from several factors, including rising input costs and supply disruptions induced by sanctions on Belarus and Russia and the export limitations by China. Prices for Ammonium Sulphate have surpassed the range for Ex-Works Shijiazhuang, and discussions assessed at USD 305 per tonne.

The fighting in Ukraine has increased the concerns about fertilizer affordability and availability. The start of the season is delayed in the United States due to cold and wet weather, but this should not reduce the demand for Ammonium Sulphate by the downstream fertilizers. Rising Natural Gas prices, particularly in Europe, resulted in widespread Ammonia production cuts, a critical feedstock for nitrogen-based fertilizers. Similarly, rising coal prices in China, the primary feedstock for ammonia synthesis, pushed fertilizer manufacturers to decrease production, increasing the Urea prices. Ammonium Sulphate fertilizer prices have risen as Ammonia, and Sulphur prices have soared.

As per ChemAnalyst, “The Ammonium Sulphate prices are forecasted to increase in the spring ploughing season, amidst the peak season for domestic fertilizer use, and downstream demand will follow up as needed. The bullish sentiment in the Ammonium Sulphate market kept the pricing trend upwards, and the trading & shipments remained to be smooth. However, due to the impact of the domestic epidemic, transportation in some areas is blocked. The price of Ammonium Sulphate is expected to rise slightly in the short term.

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