Price trend

According to the Commodity Market Analysis System of Business Society, sulfur prices in East China have significantly decreased this week. On September 17th, sulfur prices were at 1090 yuan/ton, and at the beginning of the week, sulfur prices were at 1160 yuan/ton, a decrease of 6.03%, a decrease of 3.25% compared to the beginning of the month.

The sulfur market in East China is weak, and prices have significantly decreased. The demand for phosphate fertilizer in the end market is gradually stabilizing, and downstream demand is slowing down. The demand for sulfur is mainly based on demand. The supply of refinery goods is normal, but the shipment of enterprises is not good. Affected by the increase in port inventory, manufacturers in Shandong region are hindered in shipping. In order to alleviate inventory reduction, refinery prices are constantly decreasing. As of the 15th, the mainstream price of solid sulfur in Shandong refineries is around 1080-1120 yuan/ton; The mainstream price of liquid sulfur ranges from 1050 to 1210 yuan/ton.

Downstream market of the industrial chain

The downstream sulfuric acid price has slightly increased. On September 17th, the average domestic sulfuric acid price was 310 yuan/ton, an increase of 1.31% compared to the beginning of the week price of 306 yuan/ton. The demand for phosphate fertilizer has weakened, the enthusiasm for downstream procurement is average, and the support for sulfuric acid demand is insufficient. Acid companies have no pressure on inventory and are actively shipping. During the week, mainstream sulfuric acid manufacturers have seen price fluctuations based on their own inventory situation, while upstream prices have fallen, and cost support is insufficient. The sulfuric acid market is mainly consolidation.

The high market price of monoammonium phosphate remained stable. On September 17th, the average market price of 55% powdered monoammonium was 3100 yuan/ton. At the beginning of the week, the average market price of 55% powdered monoammonium was 3100 yuan/ton, and the price remained stable during the week. The demand in the phosphate fertilizer market is stabilizing, with a decrease in new orders for monoammonium phosphate. Holders are actively shipping, and the market trading atmosphere has weakened. With the support of pending orders from manufacturers, the focus of monoammonium phosphate factory trading is temporarily stable.

Future Market Forecast

Business Society sulfur analysts believe that the operation of sulfur refining plants is normal, the market supply of goods is stable, and port resources are constantly increasing. The market supply is relatively sufficient, and the downstream phosphate fertilizer market is slowing down. The enthusiasm for entering the market is weakened, and demand support is limited. From the perspective of supply and demand, it is expected that the short-term sulfur market will narrow and operate. In the future, specific attention will be paid to the downstream follow-up situation.