Price trend

According to the Commodity Market Analysis System of Business Society, the sulfur price trend in East China fell first and then rose this week. On January 12th, the sulfur price was 936.67 yuan/ton, a decrease of 7.57% compared to January 5th, which was 1013.33 yuan/ton, and a decrease of 12.19% from the beginning of the month.

The sulfur market has experienced a significant decline this week. At the beginning of the week, the sulfur market in East China saw a broad decline, mainly due to a decrease in downstream device capacity utilization, weakened enthusiasm for sulfur procurement, weak market trading, poor shipments from sulfur refineries, and a continuous decline in port prices, which had a negative impact on the spot market. The bearish sentiment on the market led to a significant reduction in enterprise quotations to stimulate shipments; Afterwards, the market transaction atmosphere improved slightly, with some refineries producing better goods and companies slightly increasing their quotations. However, demand was limited, and the overall market remained weak. As of the 12th, the mainstream price of solid sulfur in refineries in Shandong region is around 920-950 yuan/ton; The mainstream price of liquid sulfur ranges from 900 to 1030 yuan/ton.

Downstream market trends in the industrial chain

The downstream sulfuric acid market continued to decline, with the average domestic sulfuric acid price on January 12th at 232.50 yuan/ton, a decrease of 7.92% compared to the price of 252.5 yuan/ton on January 5th. The operating rate of on-site equipment is relatively high, the market supply is sufficient, and enterprises have a strong intention to ship. However, downstream demand is weak, and the market trading atmosphere is sluggish. Acid companies have poor shipments, and sulfuric acid prices are forced to decrease. At the same time, raw material prices have fallen, and cost bearish effects have continued to affect the sulfuric acid market.

The downstream ammonium phosphate market is experiencing a weak downturn. On January 12th, the average market price of 55% powdered ammonium phosphate was 3253.33 yuan/ton, a decrease of 1.51% compared to the price of 3303.33 yuan/ton on January 5th. The downstream demand for ammonium phosphate production capacity is poor, and the follow-up of new orders is weak. The market transaction atmosphere is weak, and manufacturers have significant sales pressure, which continues to be weak. In addition, the raw material price has been lowered, and cost support is weak. As a result, the price of ammonium phosphate continues to decline.

Future Market Forecast

The sulfur analyst from Business Society believes that the sulfur plant on site is operating normally, the market supply of goods is stable, downstream purchasing enthusiasm is weak, and the market transaction atmosphere is average. Sulfur enterprises have limited shipments, insufficient demand support, and a lack of supply side benefits. It is expected that the short-term sulfur market may continue to operate weakly, and specific attention will be paid to downstream follow-up in the future.