Price data

According to the data of business associations, the market price of sulphur in East China has a narrow downward trend this week. At the beginning of the week, the average price of granular sulphur is 860 yuan/ton. At the end of the week, the average price of granular sulphur is 810 yuan/ton, a decline of 5.81%, which is 25.38% lower than that of last year.

II. Market Analysis

Products: This week, the domestic sulphur market continued to be weak, and the price fell sharply. Within the week, refineries in various regions continued to decline according to their own shipments. As of September 9, the mainstream price of solid sulfur in Sinopec’s Shandong region was around 870-880 yuan/ton, the mainstream price of liquid sulfur was 710-770 yuan/ton, and the price was reduced by 30-50 yuan/ton; the mainstream price of solid sulfur in North China was 680-730 yuan/ton, the mainstream price of liquid sulfur was 650-690 yuan/ton, and the price of solid and liquid sulfur was reduced by 30 yuan/ton simultaneously. The mainstream price of solid sulfur in East China is 680-740 yuan/ton, while the mainstream price of liquid sulfur is 660-730 yuan/ton, and the price is reduced by 30-50 yuan/ton.

Industry chain: The price trend of the downstream sulfuric acid Market in Shandong rose slightly this week. The quotation rose from 225.00 yuan/ton at the beginning of the week to 227.50 yuan/ton at the end of the week, up 2.50 yuan/ton, up 1.11%, down 48.88% from the same period last year. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market transactions are limited, and the shipments of Shandong acid enterprises have improved slightly. However, considering the weakness of downstream ammonium phosphate market, Shandong smelting acid inventory is still at a high level, the contradiction between supply and demand in the market is still prominent, the demand is weak, and the business mentality is cautious.

Industry: At present, the domestic sulphur market demand performance is sluggish, there is no information guide inside and outside the plate, port storage consumption is slow, terminal market procurement enthusiasm is weak, the industry is bullish. In the absence of information guidance in the market and weak buyer intentions, market transactions remain cold and negotiations are difficult to improve.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information guidance, the enthusiasm of on-site negotiations is weak, the mindset of operators is mainly impasse, and the short-term sulfur market is expected to be downward consolidation.