Price trend

According to the commodity market analysis system of SunSirs, the price trend of sulfur in East China continued to decline this week. On June 30, the price of sulfur was 713.33 RMB/ton, and on June 25, the price of sulfur was 763.33 RMB/ton. The price of sulfur in the week was decreased by 6.55%, and 11.93% lower than that at the beginning of the month.

Analysis review

The sulfur market in East China continued to operate in a weak situation. The refinery units operated normally within the week, the supply of goods in the market was stable, and the manufacturer's inventory remained at a low level. The downstream demand was general. A small number of purchases were followed up on demand. The manufacturer's shipment was blocked, and the mentality was blocked. In order to promote the shipment of sulfur, the refinery adjusted its quotation downward, and the market transaction focus continued to move downward. As of the 30th, the mainstream price of solid sulfur in refineries in Shandong region was around 700-780 RMB/ton; The mainstream price of liquid sulfur was between 650-720 RMB/ton.

Downstream sulfuric acid prices declined, with the average domestic sulfuric acid price on June 30th at 192.00 RMB/ton, a 2.04% decrease compared to June 25th at 196.00 RMB/ton. The operation of the on-site sulfuric acid plant was stable, with a slight increase in market supply. Downstream demand on the site was weak, and purchasing in the market followed up according to demand. Market trading had weakened, and the mentality of the operators had become stagnant. The trend of sulfuric acid prices was consolidated and downward.

The ammonium biphosphate market maintained a low level of operation. On June 30th, the average market price of 55% powdered ammonium biphosphate was 2,550.00 RMB/ton. On June 25th, the average market price of 55% powdered ammonium biphosphate was 2,550.00 RMB/ton, and the market price of ammonium biphosphate remained stable during the week. Downstream demand performed poorly, with light market trading and a wait-and-see mentality among operators. Ammonium biphosphate manufacturers had shipped smoothly, and the market transaction center remained low.

Market outlook

According to sulfur analysts from SunSirs, the operation of sulfur enterprises was normal, with manufacturer inventory maintained within a reasonable range and inventory pressure free. Downstream demand continued to be sluggish, market trading was light, sulfur manufacturers' shipments were hindered, operators had insufficient mentality, there was a lack of positive on the market, and the sulfur market support was insufficient. It is expected that the short-term sulfur market will consolidate at a low level, and specific attention should be paid to downstream follow-up in the future.

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