Since the first quarter of 2021, the price of Ammonium Sulfate has increased and should keep the same pace in the coming months. There was a growth of 11% in May when compared to May 2020, reaching its highest level since February 2020. As the largest producer and exporter of Ammonium Sulfate, China was responsible for the higher prices in May in the international market, together with the stoppage for maintenance of some factories, and higher costs of raw materials. Moreover, Sulfuric acid increased by 10% when compared to the last month, the highest value in the last 7 years for the month. This increase is due to the poor availability of Sulfur. Likewise, the price of Ammonia grew in 2021. In Brazil, price continues to grow, with an increase in the average CFR price in Paranaguá, when compared to the previous months. The largest volume of Ammonium Sulphate is from China (89,000 tons in May representing 78.3% of the total), where prices increased by 3.2% on average.
Source: Globalfert (*Translated by Ia Niani)