Price data
According to the data from the business associations’list, the domestic sulfur market price has been running steadily this week. The average price of granular sulfur manufactured in China this week is about 996.67 yuan/ton, down 8% from the same period last year.
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II. Market Analysis
Products: At the beginning of this week, the price of sulphur market was stable and the market performance was cold. This week, refineries in various regions in China maintained low inventory and smoothly shipped. According to their own shipments, they operated steadily in a multi-dimensional manner. The downstream demand performance was weak, and the on-site negotiations were mostly deadlocked and wait-and-see. As of 21, the mainstream price of solid sulfur in Sinopec Shandong was 940-1030 yuan/ton, down slightly from last week, and the mainstream price of liquid sulfur was 900-990 yuan/ton; the mainstream price of solid sulfur in North China was 830-960 yuan/ton, and the mainstream price of liquid sulfur was 800-910 yuan/ton; the mainstream price of solid sulfur in East China was 940-1030 yuan/ton./ The mainstream price of liquid sulfur is 900-990 yuan per ton.
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Industry chain: The downstream sulfuric acid market is stable and small, the market price in Shandong is rising steadily, the shipment is stable, the sulfuric acid market is weak and stable, the downstream market demand is general, or will continue to be weak and stable. Under the favorable conditions of the downstream sulfuric acid market, businessmen are mainly cautious and wait-and-see, while the support for the upstream sulfur market is weak.
3. Future Market Forecast
Sulphur analysts from the Business Society Chemical Branch believe that there is no substantive information guidance at present, and the short-term sulfur market is difficult to improve. It is expected that the latter period will be stable and medium-term consolidation.
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