Price trend

According to the price monitoring of business society, the price trend of sulfur continued to rise in February, and the overall market was strong. As of February 28, the average ex factory price of sulfur market in East China was 2253.33 yuan / ton, an increase of 4.81% in the month compared with the average ex factory price of 2150.00 yuan / ton at the beginning of the month.

In February, the domestic sulfur market was strong, and the price continued to rise during the month. There is no inventory pressure for domestic refineries, the downstream sulfuric acid market is rising, the demand for liquid sulfur is increasing, the supply of goods at the port is tight, the cargo holders have strong intention to support the price, the quotation is strong, the liquid sulfur price at the port is supported, and the liquid sulfur price of regional refineries is rising sharply; In terms of downstream phosphate fertilizer, the demand for sulfur is stable, the refinery shipment is smooth, and the price of sulfur fixation increases synchronously.

Downstream market of industrial chain

The market of downstream sulfuric acid rose sharply in February. The quotation increased from 726.67 yuan / ton at the beginning of the month to 783.00 yuan / ton at the end of the month, up 56.33 yuan / ton, or 7.89% within the month. During the month, the prices of domestic mainstream sulfuric acid manufacturers rose slightly, the manufacturers produced at low load and had less inventory, while the downstream market entry enthusiasm was good, the enterprise shipped smoothly, the operator’s mentality was positive, the quotation was raised according to the trend, and the market was strong during the month.

In terms of phosphate fertilizer, the market is improving. In February, the price of Monoammonium rose, the waiting volume of enterprises was sufficient, the market of diammonium was steadily promoted, with an increase of 1.36% in the month. The downstream demand increased, the market trading atmosphere was good, and the demand of phosphate fertilizer enterprises was stable, supporting the stable operation of sulfur.

Future forecast

According to the sulfur analyst of business society, the sulfur market is relatively strong, there is no pressure on the inventory of refineries in domestic areas, and the downstream follow-up is stable. Coupled with the favorable port market, it is expected that the sulfur market will continue to operate relatively strong, and the downstream follow-up will be paid more attention to.