March 27, 2024 — On March 27, Shandong Hualu Hengsheng Chemical Co., Ltd. announced its latest ex-factory prices for ammonium sulfate. The price for caprolactam-grade bulk ammonium sulfate is 1,750 yuan/ton, an increase of 30 yuan/ton, while the price for power plant-grade ammonium sulfate is 1,535 yuan/ton, an increase of 10 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub analysis of ammonium sulfate: Bullish-Bearish Score: 1. Hualu Hengsheng has raised its ex-factory prices for ammonium sulfate, with caprolactam-grade bulk material increasing by 30 yuan/ton to 1,750 yuan/ton and power plant-grade material rising by 10 yuan/ton to 1,535 yuan/ton. This indicates a short-term tightening of market supply and demand or an increase in demand, which is favorable for spot prices. The price hike directly reflects either cost pressures on the production side or an increase in downstream purchasing activity, potentially driving an overall rise in the spot market and supporting bullish sentiment.