According to the price monitoring of business agency, the price trend of sulfur in East China continued to decline this week. On July 22, the quotation of sulfur was 1640.00 yuan / ton, which was 7.69% lower than the price of 1776.67 yuan / ton on July 16, and 54.49% lower than that at the beginning of the month.

This week, the sulfur market continued to operate in a weak position, the downstream market started at a low level, and the demand for sulfur was limited. In addition, there was a low-cost source of goods in the market, there was great competition pressure for on-site shipment, and the inventory pressure of sulfur refineries increased. In order to maintain the pace of shipment, domestic refineries continued to reduce their quotations. In the mood of buying up but not buying down, operators were cautious in entering the market, and the overall atmosphere of the market was weak. As of the 22nd, the price of sulfur fixation in refineries in Shandong is between 1500-1720 yuan / ton, and the mainstream price of liquid sulfur is 1650-1700 yuan / ton.

The downstream sulfuric acid market was weak, and the price fell sharply during the week. The quotation on July 22 was 778 yuan / ton, a decrease of 1.95% compared with the price of 892 yuan / ton at the end of last week. The devices of mainstream sulfuric acid manufacturers in Shandong operate normally, with sufficient market supply, low downstream demand, weak enthusiasm for entering the market, empty mentality of operators, downward shift in the focus of on-site trading and investment, and weak and downward sulfuric acid market.

The downstream phosphate fertilizer market is weak, the transaction focus of downstream compound fertilizer is lowered, and the purchase of raw material monoammonium is reduced. Domestic demand for diammonium is less in the off-season, mainly for export. The overall demand of ammonium phosphate Market is low, and the industry is cautious. The focus of traders’ transactions is downward. In the short term, the market of ammonium phosphate continues to be weak.

According to sulfur analysts of business club, the domestic sulfur price continues to decline, the downstream demand is insufficient, the support for sulfur is weak, the market is affected by low-cost sources, and the operators are cautious about entering the market. It is expected that the sulfur market will continue to be weak in the future, and the price will mainly decline. Specific attention will be paid to the market follow-up.