1: Market Overview – 2026 Outlook

• Chinese ammonium sulfate market: active but challenging
• Production capacity continues to grow
• Production regions and companies are increasingly concentrated
• Target markets are becoming more focused
• Trend: Bulk carriers → mainstream; small-batch orders ↓ significantly

2: Challenges for Different Company Sizes

Large Enterprises

• Maintain high output while ensuring cost-effectiveness
• Ensure stable product quality

Medium-Sized Enterprises

• Limited capital & capacity → cannot handle large-batch orders
• Lack low-cost advantage → risk becoming processing units for larger companies
• Limited sales control → difficulty securing orders → procurement affected → vicious cycle

Small Enterprises

• Compete in raw material procurement under bulk carrier dominance
• Reduce sales/shipping costs to compete using containers or consolidated shipments

3: Market Implications

• Market consolidation and competition intensify
• Strategic planning and execution are crucial for survival
• Both large and small enterprises will face considerable pressure
• Success depends on adaptability, cost control, and operational efficiency

In this context, even as many factories enhance competitiveness through equipment upgrades and capacity expansion, different types of companies will face distinct challenges:

I believe 2026 will be a year of both activity and challenges for the Chinese ammonium sulfate market.