I. Price Trend
According to the commodity market analysis system of Business Society, the average market price of domestic caprolactam-grade ammonium sulfate on February 5 was 1,160 yuan/ton, representing a 0.58% increase compared to the average market price of 1,153 yuan/ton on February 1.

II. Market Analysis
Supply and Demand Situation
This week, the domestic ammonium sulfate market price remained stable with an upward trend. The operating rate of coking-grade ammonium sulfate remained stable, while the operating rate of caprolactam-grade ammonium sulfate experienced minor adjustments, resulting in minimal fluctuations on the supply side. Demand for ammonium sulfate remained steady, with downstream industries purchasing according to their needs. There was a restocking demand ahead of the holiday, and ammonium sulfate manufacturers faced no pressure in terms of shipments.

Market Situation
As of February 5, the mainstream ex-factory quotation for coking-grade ammonium sulfate in the Shandong region was approximately 1,085 yuan/ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in the Shandong region ranged from approximately 1,130 to 1,170 yuan/ton.

III. Future Outlook
Analysts from Business Society specializing in ammonium sulfate believe that the market trend for ammonium sulfate has been predominantly upward in recent days. Currently, the ammonium sulfate market remains robust, with optimistic sentiment prevailing and a relatively balanced supply-demand dynamic. It is expected that the domestic ammonium sulfate market price will continue to show strong performance in the short term.