Price trend

According to the Commodity Market Analysis System of Business Society, the sulfur price trend in East China continued to decline this week. On October 15th, the sulfur price was 933.33 yuan/ton, and on October 9th, the sulfur price was 956.67 yuan/ton, a decrease of 2.44% during the week and 9.20% compared to the beginning of the month.

This week, the sulfur market in East China is weak, and the terminal phosphate fertilizer market has come to an end. After the holiday, downstream replenishment demand is weak, new orders in the market are reduced, and the on-site trading atmosphere is light. The shipment of sulfur refineries is not smooth, and the inventory pressure of manufacturers is increasing. In order to stimulate the continuous reduction of sulfur quotations for shipment, the sulfur price has dropped significantly during the week. As of the 13th, the mainstream price of solid sulfur in Shandong refineries is around 930-970 yuan/ton; The mainstream price of liquid sulfur is between 900-950 yuan/ton.

Downstream market of the industrial chain

The downstream sulfuric acid price trend is weak and stable. On October 15th, the average domestic sulfuric acid price was 306.00 yuan/ton, which is consistent with the price of 306.00 yuan/ton on October 9th. The demand in the terminal industry has weakened, downstream procurement has slowed down, and the mentality of the industry is mainly wait-and-see. Sour enterprises have temporarily stabilized their shipments, and the focus of market transactions is relatively low.

The monoammonium phosphate market is operating smoothly. On October 15th, the average market price of 55% powdered monoammonium was 3083.33 yuan/ton. On October 9th, the average market price of 55% powdered monoammonium was 3083.33 yuan/ton, and the price remained stable during the week. The autumn sales of phosphate fertilizer have come to an end, with a decrease in new orders for monoammonium phosphate and weakened demand support. However, the factory still has support for pending orders. Coupled with cost impacts, the price of monoammonium phosphate has stabilized and operated.

Future Market Forecast

Business Society sulfur analysts believe that the operation of sulfur refining plants is normal, with sufficient market supply of goods, average downstream demand, no longer favorable terminal conditions, and effective support on the market. Under the supply and demand game, it is expected that the sulfur market will continue to operate weakly in the future, with price fluctuations. Specific attention will be paid to downstream follow-up in the future.