Price trend

According to the commodity market analysis system of SunSirs, the price of sulfur in East China rose first and then fell in July, and the market was stronger. As of July 30, the average ex factory price of sulfur market in East China was 846.67 RMB/ton, an increase of 18.69% in the month compared with the average ex factory price of 713.33 RMB/ton at the beginning of the month.

Analysis review

During the month, the sulfur market in East China operated strongly and the price rose sharply. The price of sulfur continued to rise in mid-early July, rising from 713.33 RMB/ton to 876.67 RMB/ton, an increase of 22.90%. This was mainly due to active trading in the phosphate fertilizer market, increased plant operation, increased demand for sulfur, smooth shipments from manufacturers, and the sulfur market continued to rise; In late July, the sulfur market slightly declined, and downstream follow-up weakened. Purchasing in the market followed up on demand, and some manufacturers had poor shipments, which hindered their mentality. In order to promote shipment, their quotations were lowered, but the price fluctuation was not significant, and the overall sulfur market was relatively stronger during the month.

The downstream sulfuric acid market was weaker in July, with a market price of 192.00 RMB/ton at the beginning of the month and 160.00 RMB/ton at the end of the month, a decrease of 16.67% within the month. The mainstream domestic sulfuric acid manufacturers had stable operation, market supply was sufficient, downstream demand was sluggish, the market trading atmosphere was weak, operators had pessimistic mentality, and sulfuric acid prices were weak and downward.

The market for ammonium biphosphate remained stable and upward in July, downstream inquiries increased and market atmosphere was positive. The advanced orders for ammonium biphosphate had reached late August, and some manufacturers suspended or received fewer orders. The market mentality was optimistic, and the focus of ammonium biphosphate transactions had shifted upward. As of July 30, the average market price of 55% powdered ammonium biphosphate was 2,616.00 RMB/ton, which was 2.59% higher than the average price of 2,550.00 RMB/ton on July 1.

Market outlook

SunSirs’ sulfur analysts believe that the sulfur enterprise's equipment was operating normally, the manufacturer's inventory remained rational, the terminal industry's operating rate had increased, the market supply was stable, downstream demand was bullish, and the operator had a wait-and-see mentality. The manufacturer was actively shipping, and it is expected that the sulfur market in the future will be stronger. Please pay attention to the downstream follow-up situation.

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