Material Insights · Understanding the Material World

Ammonium sulphate: Trading

Cheap per tonne, dear per unit of nitrogen

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

Who buys, and where

  • Brazilian blenders and distributors (CFR Brazil)
  • Southeast Asian plantations and rice growers
  • European co-operatives
  • Indian importers (small)

Who sells, and from where

  • Chinese caprolactam and coke producers via east China ports
  • European caprolactam producers (BASF, Fertiberia, others)
  • US AdvanSix

Price benchmarks

BenchmarkPublisherBasis
Ammonium sulphate caprolactam-grade FOB NW EuropeS&P Global Plattsspot, weekly
Ammonium sulphate standard/granular FOB ChinaArgus, CRUspot, weekly
Ammonium sulphate CFR BrazilArgus, CRUspot, weekly

Exchanges

VenueContractNotes
Nonenonephysical trade only

Contract types

  • Spot bulk cargoes
  • Term offtake from caprolactam producers by traders
  • Domestic dealer sales

Traders and distributors

  • Ameropa
  • Keytrade
  • Helm (indicative)

How Indian buyers price it

  • Import parity CFR India; AS is an NBS grade, so subsidy per kg of N and S applies
  • Domestic producers sell at MRPs set with NBS support (indicative)

Recent price points

DatePriceBasisSource
19 Feb 2026$277/tcaprolactam-grade FOB NW EuropeS&P Global Platts (Feb 2026)
2023 average$175/tCIF India import unit valueIndexBox (2023)
2022 average$309/tCIF India import unit valueIndexBox (2023)

Good sources to follow

Nitrogen+Syngas and Fertilizer International (CRU BCInsight)paid research site · CRU Group

Chinese AS boom and sulphur-deficiency demand

S&P Global Commodity Insights agriculture newsfreemium research site · S&P Global

EU AS imports and Platts prices

Argus fertilizer newsfreemium research site · Argus Media

Chinese AS exports

Fertilizer Dailyfree newsletter · independent fertiliser news site

fertiliser prices and India policy