Price trend

According to the commodity market analysis system of SunSirs, the price trend of sulfur in East China this week was weak and downward. On June 20, the price of sulfur was 796.67 RMB/ton, and on June 14, the price of sulfur was 833.33 RMB/ton. The price in the week was decreased by 4.40%, and 1.65% lower than that at the beginning of the month.

Analysis review

The sulfur market in East China was weak, the refinery units in the yard were operating normally, the supply of goods in the market was sufficient, the enterprises were mainly active in shipping, and the downstream parties were commonly motivated to enter the market. A small number of purchases were followed up as needed, and the manufacturer's shipment was not smooth, and the inventory was accumulated. In order to promote the shipment, the refinery reduced the price of sulfur and sulfur, and the focus of sulfur transaction continued to move downward. As of the 20th, the mainstream price of solid sulfur in refineries in Shandong Province was around 830-860 RMB/ton; The mainstream price of liquid sulfur is between 700-860 RMB/ton.

Downstream market of the industrial chain

The downstream sulfuric acid market was stronger. On June 20th, the average domestic sulfuric acid price was 196.00 RMB/ton, an increase of 5.38% compared to the price of 186.00 RMB/ton on June 14th. The operation of the on-site sulfuric acid plant was average, and the inventory of manufacturers remained reasonable. Some enterprises in Shandong region had maintenance plans, and market supply expectations had weakened. The mentality of operators was bullish, and the trend of sulfuric acid prices was sorting upward.

The market price of ammonium biphosphate stabilized at a low level. On June 20th, the average market price of 55% powdered ammonium biphosphate was 2,583.33 RMB/ton. On June 14th, the average market price of 55% powdered ammonium biphosphate was 2,600.00 RMB/ton. During the week, the market price of ammonium biphosphate decreased by 0.64%. Downstream entry into the market followed closely according to demand, and there were relatively few new orders and transactions in the market. The mentality of the industry was pessimistic, and ammonium nitrate manufacturers were actively negotiating for shipment. The focus of ammonium nitrate transactions had slightly shifted downwards.

Market outlook

SunSirs sulfur analysts believe that sulfur enterprises had sufficient inventory, downstream demand was weak, actual market transactions were light, sulfur manufacturers weare not shipping smoothly, and the mentality of operators was insufficient. Under the supply and demand game, the sulfur market support was weak. It is expected that the sulfur market will be consolidated to be weaker and in the short term, and specific attention will be paid to downstream follow-up in the future.

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