Price trend

According to the commodity market analysis system of SunSirs, the price of sulfur in East China continued to rise this week. On June 9, the price of sulfur was 840.00 RMB/ton, and on June 3, it was 810.00 RMB/ton. The price increased by 3.70% within the week and incerased 12.00% month on month.

Analysis review

The sulfur market in East China was sorted up. The refinery units in the plant were operating normally, the supply of goods in the market was rational, and the enterprises maintained a positive attitude of shipment. The downstream market entry followed up on demand, and the manufacturer's shipment was relatively smooth. Some enterprises raised their quotation based on their own shipment and inventory, and the sulfur market had risen slightly. As of June 9th, the mainstream price of solid sulfur in refineries in Shandong region was around 870-900 RMB/ton; The mainstream price of liquid sulfur was between 750-900 RMB/ton.

Downstream market of the industrial chain

The downstream sulfuric acid market was running smoothly. On June 9th, the average domestic sulfuric acid price was 182.00 RMB/ton, which was consistent with the price of 182.00 RMB/ton on June 3rd. The operation of sulfuric acid plants was average, market supply was weakened, downstream demand was sluggish, market trading was light, and the mentality of operators was stagnant. Under the weak supply and demand situation, the quotation of sulfuric acid enterprises was temporarily stable.

The market price of ammonium biphosphate had weakened and decreased. On June 9th, the average market price of 55% powdered ammonium biphosphate was 2,600.00 RMB/ton. On June 3rd, the average market price of 55% powdered ammonium biphosphate was 2,662.50 RMB/ton. During the week, the market price of ammonium biphosphate decreased by 2.35%. Downstream demand continued to be sluggish, with few new orders in the market and sporadic purchases mainly in demand. Operators had a pessimistic mentality, and in order to stimulate shipments, the focus of ammonium biphosphate transactions had been lowered.

Market outlook

According to sulfur analysts from SunSirs, sulfur companies had no inventory pressure and may have positive support, but downstream production capacity utilization was low, entry into the market for purchasing was limited, the upward momentum for sulfur was insufficient, and lacked effective positive factors on the market. Under the supply and demand game, it is expected that the short-term sulfur market will remain stagnant, with price fluctuations in a range. Specific attention will be paid to downstream follow-up.

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