1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the overall price of sulfur in East China continued to rise in August. On August 16th, the average ex factory price of sulfur in the East China region was 1370 yuan/ton, an increase of 7.45% compared to the average ex factory price of 1275 yuan/ton at the beginning of the month.

The sulfur market continued to rise this week. The load rate of the sulfur industry this week is around 6.5 levels, which has decreased compared to last week. The market supply is low, some refineries are shipping smoothly, inventory is decreasing, sulfur prices continue to rise, and the overall sulfur market situation is mainly stable.

2、 Market analysis

Downstream market trends in the industrial chain:

The downstream sulfuric acid prices have risen. On August 16th, the average domestic sulfuric acid price was 400.00 yuan/ton, an increase of 50 yuan/ton compared to the beginning of the month price of 350.00 yuan/ton, an increase of 14.29%. The manufacturer’s quotation has risen significantly, downstream terminal procurement is active, and the market trading atmosphere is improving. With the dual benefits of supply and demand, the price of sulfuric acid has once again increased.

3、 Future forecast

The sulfur analyst from Shengyi Society believes that sulfur manufacturers have no inventory pressure, and the favorable factors on the demand side have become the key force supporting the sustained improvement of the sulfur market. However, with the continuous rise in sulfur prices, the market has also begun to pay attention to the downstream industry’s acceptance of high priced sulfur. For the prediction of the future sulfur market, we need to closely monitor the reactions of downstream industries.