The ammonium sulfate price trends in the global market exhibited a mixed performance through late 2024, reflecting a complex balance of agricultural demand, raw material availability, and international trade dynamics. As a key nitrogen-based fertilizer, ammonium sulfate continued to experience price sensitivity linked to global crop cycles and supply chain adjustments, influencing buyer sentiment across major importing regions, including the Far East Asia market.According to recent market data, Ammonium Sulfate Industrial Trade Price (CFR Far East Asia) experienced notable year-over-year declines during most of the last quarter of 2024, before showing a slight upward shift in December. In October 2024, prices fell to 126 USD/MT, marking an 18% YoY decrease from 152 USD/MT in 2023. This drop was largely driven by muted agricultural demand, steady production rates, and reduced energy-related cost pressures across major exporting economies.
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The downward trajectory continued into November 2024, with ammonium sulfate prices slipping to 115 USD/MT, corresponding to a 9% YoY decline. Analysts attribute this softening to the combination of weak off-season fertilizer demand and abundant product availability from China, the world’s largest producer. Additionally, global trade routes saw improved logistical stability, further contributing to lower price volatility during the period.
A notable shift occurred in December 2024, when ammonium sulfate prices edged up to 113 USD/MT, reflecting a 9% YoY increase compared with 111 USD/MT in December 2023. This moderate rebound was supported by initial stocking activities for early 2025 agricultural requirements and localized supply constraints in select Asian markets. However, the overall recovery remained measured, indicating that market fundamentals continue to lean toward balance rather than aggressive growth.
Industry analysts at Expert Market Research expect ammonium sulfate prices to show limited fluctuations in 2025. While early-year gains are possible due to seasonal demand from the agricultural sector, the upward momentum is likely to be restrained by stable global supply levels and cautious purchasing behaviors among importers. Fertilizer producers are also expected to maintain consistent operational rates, minimizing sharp supply-side disruptions.
As global agriculture transitions into a new cropping cycle, stakeholders across the fertilizer value chain will closely monitor energy costs, export regulations, and broader commodity price movements. The interplay of these factors will continue to define ammonium sulfate price trends in the months ahead.
For market participants, maintaining strategic inventories and monitoring regional demand patterns will be critical in navigating the evolving price landscape.