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 693.33 yuan/ton. At the end of the week, the average price of granular sulphur is 660 yuan/ton. The average price of granular sulphur is 33.33 yuan/ton. The average price of granular sulphur is down by 4.81% in the week, 46% compared with the same period 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 June 6, the mainstream price of solid sulfur in Sinopec’s Shandong region was about 650 yuan/ton, down 50 yuan/ton, the mainstream price of liquid sulfur was 520-600 yuan/ton, and the price was down 40 yuan/ton; the mainstream price of solid sulfur in North China was 510-560 yuan/ton, the mainstream price of liquid sulfur was 480-520 yuan/ton, and the price of solid and liquid sulfur was down 40 yuan/ton simultaneously. The mainstream price of solid sulfur in East China is 680-700 yuan/ton, while the mainstream price of liquid sulfur is 610-680 yuan/ton, which is temporarily stable compared with last week.

Industry chain: The price trend of downstream sulfuric acid Market in Shandong Province is stable this week, with a quotation of 223.33 yuan/ton in the week. The price is 3.33 yuan/ton lower than last weekend, a decline of 2.90%, a decrease of 55.78% over the same period last year. The domestic sulphuric acid market was consolidated at a low level this week. At the beginning of the week, the main distribution price of sulphuric acid in Shandong fell slightly. Affected by the upstream market, the customers’enthusiasm for sulphuric acid purchasing was general, and their demand for sulphuric acid was low. The favorable support of the downstream acid market was weak. It is expected that the market price will still fall.

Industry: At present, the domestic sulphur market demand is low, the stock consumption in Hong Kong is slow, there is no information guidance for the internal and external market, and the enthusiasm of terminal purchasing is weak. In the absence of information guidance in the market and the weak intention of the buyer, the market atmosphere is strong, the negotiation atmosphere is cold, and the hollowness of the business is obvious.

3. Future Market Forecast

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