Due to the Russian-Ukrainian war, the export volume of Russia, the largest exporter of ammonium sulfate, has shrunk, and some Brazilian customers have turned to China to buy fertilizers. At the same time, according to 2021 export data, Brazil is China's largest market for ammonium sulfate.
Ammonium sulfate is the main source of nitrogen for Brazilian compound fertilizer manufacturers. On October 15, New Power Fertilizer Industry completed the delivery to one of Brazil's major compound fertilizer plants.
According to the data of Huajing Industrial Research Institute: From January to August 2022, China's ammonium sulfate export volume was 7.03 million tons, an increase of 700,000 tons compared with the same period in 2021, an increase of 11.2% year-on-year; the export value was 2023.183 million US dollars, compared with 2021 The same period last year increased by $989.315 million, a year-on-year increase of 96%.
The average export price of ammonium sulfate in China from January to August 2022 is US$2.8779 million/ton, and the average export price of ammonium sulfate from January to August 2021 is US$1.6333 million/ton.
In August 2022, China's ammonium sulfate export volume was 1.33 million tons, an increase of 680,000 tons compared with the same period in 2021, a year-on-year increase of 106.7%; the export value was 333.873 million US dollars, an increase of 205.824 million US dollars compared with the same period in 2021, a year-on-year increase 161.6%; the average export price is 2.5103 million US dollars / ton.
According to the forecast of the average export price in 2021, the price of ammonium sulfate will rise all the way from October.